Smart contract oracle network Chainlink prepares for staking on Ethereum, and partners with a stablecoin, omnichain protocol and PR consulting firm.
Chainlink Staking Launches Dec. 6
Chainlink is preparing to make a major move this week, with the launch of $LINK staking on the Ethereum mainnet. The smart contract oracle network also announced partnerships with a new stablecoin issuer, an omnichain interopability protocol and a PR consultancy service.
In this week’s roundup:
The much-anticipated Chainlink Staking v0.1 begins Dec. 6 on Ethereum mainnet.
In response to feedback from the community, Chainlink has decided to shorten the original lock-up period from 12-24 months to 9-12 months. The next version of Staking (v0.2) is now planned to launch in 9-12 months.
For more information about Staking, read the blog post in this Twitter thread:
‘Flatcoin’ Joins BUILD
The Nuon Protocol has joined the Chainlink BUILD program to accelerate the adoption of the Nuon flatcoin, a stablecoin pegged to the cost of living, not fiat.
“We’re excited to join Chainlink BUILD, which will help drive the adoption of the inflation-proof Nuon flatcoin, the next evolution of crypto,” Nuon CEO Stefan Rust said in a press release. “Not only are we planning to leverage Chainlink Web3 services, but the Chainlink Network also underpins Truflation’s daily decentralized inflation data, which sets the target price of Nuon. Ultimately, we aim to help users hedge against inflation and maintain their purchasing power.”
Nuon uses fellow BUILD project Truflation as a source of inflation data to set the Nuon peg. Nuon also plans to integrate Chainlink services such as Automation, Proof of Reserve and Price Feeds.
Nuon “is dedicating a portion of the protocol’s token supply to be utilized as a financial enticement for Chainlink stakers” in exchange for enhanced features, support, and other benefits.
Chainlink for Omnichain Communication
LayerZero, an omnichain communication protocol, has integrated Chainlink into its network of Oracles and Relayers which secure cross-chain messaging.
The protocol officers ominchian Decentralized Applications (dApps) the option of a variety of oracles and relayers, saying in a press release that the integration of Chainlink is a “major major milestone in achieving the decentralization of the LayerZero protocol.”
Bryan Pellegrino, Co-Founder and CEO of LayerZero Labs, said: “Chainlink’s blockchain-agnostic capabilities and well-documented performance history made it a clear choice to help secure the oracle function of the LayerZero protocol.”
According to the press release. the integration will allow omnichain dApps to create many new functionalities for users, including universal Decentralized Finance (DeFi), multi-chain lending and borrowing, derivatives for every asset, transaction optimization, and more.
“With LayerZero supported by Chainlink oracle networks, omnichain dApps will have the option to receive strong uptime and tamper-proof guarantees when relaying block header data between blockchains,” Pellegrino said. “The integration empowers a more decentralized, secure and scalable omnichain infrastructure for the entire smart contract economy.”
DVerse, a consultancy, strategy and communications firm, has announced a strategic collaboration with Chainlink to help its clients adopt Chainlink services.
“Chainlink is a core infrastructural component for the entire dApp ecosystem. By introducing Chainlink oracle services to our clients, we’re aiming to help them accelerate technological innovation and unlock new use cases,” DVerse CEO Dina Mattar said. “It’s not just about acquiring new users, but creating a seamless user experience that keeps them coming back.”
The services DVerse provides include advisory and strategy, PR and marketing, strategic fundraising, social media and Key Opinion Leaders relations.
Last four weekly Chainlink Roundups:
What Is Chainlink:
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offers global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
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