Partnerships and team members

Fantom Integrates Chainlink as its Official Oracle Solution and Price Feed Mechanism for the FTM Token

What are the main benefits of the collab?

The goal of the partnership is to build scalable DeFi products to support a robust financial system on Fantom, including the creation of decentralized stablecoins for market stability, lending protocols for credit expansion, synthetic assets for hedging strategies, and more.

The Fantom Foundation will be using and supporting an FTM/USD Price Reference Contract that will be used to compute the price of FTM in USD on the Opera mainnet. This allows users to easily calculate and budget network usage in currencies they are more accustomed to.

Chainlink will provide the Fantom ecosystem with secure and reliable market prices, such as Fantom-specific Price Reference Data Contracts, as well as real-time access to high-quality credentialed API data via Chainlink external adaptors.

With Chainlink, Dapps on Fantom can unlock the highest quality data APIs, as premium datasets require credentialed/password-protected access. This brings important Sybil resistance to key data sources and increases both the quality and reliability as credentialed data are better maintained and run by professional data procurement companies.

Having Chainlink as the official oracle integrated as the default solution within Fantom will ensure that all data feeds supplied to Dapps on the Opera chain are highly secure, reliable, and performant. Being able to construct highly secure, scalable data-driven smart contracts on the Opera chain adds tremendous functionality to the Fantom ecosystem and vastly accelerates the number of use-cases available to developers.

The Chainlink and Fantom teams will be working closely together, aiming to extend the range of DeFi use-cases that can be accommodated on-chain.

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Learn more about The Fantom Foundation by visiting their official website and Official Github

Celsius Network and Chainlink Form Long Term Partnership to Create Superior Financial Platform through Decentralization

Celsius Network is the industry-leading cryptocurrency interest income platform with more than $600MM in assets. This deep partnership enables Celsius to move towards a new level of security and reliability using Chainlink’s unique approach to decentralization.

Chainlink will use Celsius’ highly secure and innovative treasury management solution for its BTC and ETH cryptocurrencies. This allows Chainlink to benefit from the crypto rewards available through the Celsius interest income platform.

Celsius and Chainlink aim to disrupt the current financial infrastructure by leveraging decentralized services that serve consumers’ best interests. To facilitate Celsius’s very important move towards decentralization, Celsius will use and support Chainlink’s Price Reference Data to calculate interest payment amounts to users in a more decentralized, transparent and highly secure approach, creating a smart contract audit trail of its lending operations. This will ensure that all Celsius interest payments are now relying on the increased security of a highly decentralized network of independent, security reviewed, and Sybil resistant Chainlink nodes.

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Chainlink and Solana Integration

Solana is a high-throughput blockchain that is currently supporting 50–65k transactions per second and 400ms block times, without complex solutions like sharding or layer-two.

Solana plans to make Chainlink the oracle solution for both this initiative and the standard across all their Dapps. Solana Dapps will get secure access to all the inputs and outputs they need, while avoiding the major pitfalls with trying to deploy self-made oracles, such as long time delays, additional expenses, and even fatal security flaws. Backed by Chainlink’s tamper-proof inputs and outputs, Solana can bring immense value to the DeFi market via high-performance binary options without having to worry about ongoing security risks.

Solana couples the Chainlink oracle with a non-sharded, low-latency, high-capacity replicated state machine. They can help with the oracle and marketplace problem by offering more block producers per second, more traders per second, and more price feeds per second.

Solana has announced the Solana Accelerator and is encouraging developers to build decentralized finance products of all types using this integration. The accelerator is looking for high-quality, experienced teams to offer office space, fundraising support, grants, and mentorship.

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Please, visit Solana website to learn more about the blockchain

Bidao Integrates With Chainlink To Support Different Cryptocurrencies As Collateral For The Bidao Stablecoin

Bidao is a decentralized stablecoin built on Binance Chain. In the initial iteration, Bidao will use and support the ETH/USD, BTC/USD and LINK/USD price reference data contract already running live on mainnet. This will allow them to expand the different types of collateral users can choose when taking out collateralized debt positions (CDP) via the Bidao protocol. This Price Reference Contracts guarantee that the pricing mechanism used in the Bidao ecosystem is highly decentralized, secure, and reliable to keep up with network demand.

In the initial deployment, Bidao will be completely integrated with Binance Chain and BNB will be used as the collateral backing CDPs. In the future, we aim to be a blockchain agnostic DeFi application and therefore will integrate other blockchains into the Bidao ecosystem.

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WAX to Use Chainlink Oracles to Bring Off-Chain Data and Resources to the WAX and EOSIO Ecosystem

WAX will use Chainlink to obtain market data for DeFi products, source real-world events for next-generation NFTs, and communicate cross-chain to other key ecosystems such as Ethereum.

By building support for WAX, Chainlink becomes accessible to EOSIO-based chains for minimal cost, as all EOSIO chains utilize the same smart contract language and are architected virtually identical to one another. This will Chainlink the standard oracle solution used exclusively by WAX and all other dApps in the EOSIO ecosystem.

With this partnership, the entire WAX ecosystem gets secure access to a variety of off-chain resources, such as random number generation, token prices, sports events, IoT data, interoperability with other chains, existing payment systems, enterprise backends, and much more. This helps dApps avoid the major pitfalls with trying to deploy their own oracles, such as excessive delays, extra expenses, and even fatal security flaws.

More inf on the integration is here

Kava Integrates Chainlink as its Official Oracle Network to Bring DeFi to Cosmos

Integrating Chainlink’s world-class oracles strengthen the Kava DeFi platform with secure price data, now made available for the first time to all Cosmos chains. Kava’s scalability combined with Chainlink’s oracles provide the Cosmos ecosystem with the highest-quality data to make secure, truly reliable Decentralized Financial Products.

Maintaining the security of Kava’s USDX stable currency is the critical first step in Kava’s evolution into the most reliable DeFi platform. Chainlink provides their USDX with a battle tested oracle that is resistant to various attack vectors.

This integration is the first-ever Cosmos-SDK implementation of Chainlink. Chainlink nodes will run and secure data directly on the Kava blockchain. Since Kava’s blockchain is built using Tendermint, Tendermint-based blockchains within the Cosmos ecosystem (Terra, Cosmos Hub, Agoric, Aragon, and others) will now be able to retrieve market data such as cryptocurrency, FX, and commodity prices from Chainlink’s decentralized oracle network posted on Kava. This makes Kava the trustworthy bridge between these two ecosystems for accessing secure and reliable Chainlink oracle data. Additionally, Kava will build a cross-chain bridge to enable LINK (an ERC-20 token) to be used natively as payment and staking collateral for oracle services through Kava.

The Chainlink network enables nodes to call data from credentialed APIs via their external adaptors.

All Chainlink nodes supplying data to Kava have been through a rigorous security review process, many of them also making up Kava’s own core node operators. The ability to overlap high quality node operators with Chainlink greatly reduces the attack surface area of the oracle mechanism relied on by Kava.

Chainlink can not only provide large security guarantees now, but can also scale the number of nodes used to provide data to Kava as the need for greater decentralization increases.

Chainlink’s work on TownCrier is well known to have created the first and most widely used Trusted Execution Environment based oracle mechanism. Chainlink’s additional capabilities created by TEEs, such as TEE based TLS verification, can create even greater assurances to data’s origin.

Read the whole article to find out more about the integration