Partnerships and team members

MCDEX’s Perpetual Contracts to Leverage Chainlink Oracles for Index Prices

MCDEX are thrilled to announce that they are using Chainlink’s ETH-USD Price Reference Contract as the index price for the ETH-PERP contract. MCDEX is a decentralized derivatives exchange that provides top service and experiences. By introducing AMM, MCDEX has become the first project has enabled decentralized perpetual contracts with transparency and unparalleled experiences.

MCDEX has closely monitored DeFi’s changing dynamics and identified a large market demand for improved infrastructure in decentralized derivatives. To fill this critical market need, MCDEX set out to build DeFi’s best derivatives trading platform by developing decentralized Perpetual Contracts. MCDEX’s first Perpetual Contract, ETH-PERP, was recently launched live on the Ethereum mainnet with the following features:

Deribit-like continuous funding rate Uniswap-like Automated Market Maker (AMM) to Perpetual contracts

By running an on-chain AMM and off-chain order book, the Perpetual Contract has two trading pages. Users can trade with the AMM, which is fully decentralized, simple, and intuitive; or trade with the Order book, which is similar to Perpetual Contracts on centralized exchanges.

Importantly, by sourcing data from numerous different aggregators, MCDEX gets far better market coverage for its index prices than centralized derivatives platforms, which either don’t disclose their data sources or only use a few exchanges. Not only will the ETH/USD index price reflect the price discovery happening throughout the entire market, but it will better follow rapid volume shifts as they occur across exchanges.

With Chainlink having already launched 30 Price Reference Contracts on mainnet, MCDEX can leverage these reference contracts in the future and/or create custom ones to quickly launch Perpetual Contracts for new assets. Thus, MCDEX can expand its product offerings at an accelerated pace while still ensuring the highest security standards and accuracy of MCDEX’s index prices.

Learn more by visiting MCDEX and stay tuned on Twitter and Telegram.

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Paraswap to Use Chainlink Oracles for More Accurate and Reliable Pricing of ETH and ERC-20 Tokens

ParaSwap aggregates the liquidity of exchanges and lending pools to provide a comprehensive access point to Ethereum’s decentralized finance ecosystem. ParaSwap provides its users with the best prices.Paraswap’s integrated 15 different liquidity providers since inception. Recently the ParaSwap team have shifted some of their focus towards improving Paraswap’s oracle mechanism.

As a DEX aggregator, Paraswap needs to fetch & aggregate the liquidity from all relevant DEXs for a particular trading pair. The best swapping path depends only on the assets themselves. ParaSwap picks the one that returns more of the target assets regardless of its fiat price.

Paraswap used to get its prices for ETH and ERC20 tokens directly from APIs, such as CoinGecko and CoinMarketCap.

The main benefits of the collaboration:

Speed

Chainlink’s Price Reference Contracts store prices on-chain for most major ETH and ERC-20 trading pairs. As such, Paraswap’s systems can easily and cheaply read these on-chain prices and use them as the base price for determining which liquidity pools offer the best rates at a given moment in time.

Price Accuracy

Chainlink’s Price Reference Contracts provide accurate market data sourced from a pool of high-quality data aggregators. While Paraswap was already using aggregators, Chainlink further extends their market coverage by having at least seven aggregators present on each Price Reference Contract.

Security

Chainlink’s Price Reference Contracts consist of decentralized oracle networks with 7–21 nodes each, which source data from at least seven different sources. Having decentralized aggregation at both the oracle and data levels provides enhanced security and reliability to the delivery and accuracy of Paraswap’s price feeds.

Chainlink not only offers that most performant solution, but it’s also decentralized, further aligning Paraswap with the ethos of decentralization permeating throughout DeFi.

Paraswap monthly transaction volume skyrocketed since the beginning of the year(Source: Dune Analytics)

Having an on-chain price feed will become more and more useful, especially for complex DeFi tokens such as options positions. By integrating with Chainlink now, Paraswap is better set up to offer more advanced products in the future that require Chainlink’s Price Reference Contracts.

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Check out ParaSwap’s documentation

Contentos Integrates Chainlink

Chainlink will collaborate with Contentos, the public blockchain for global content. It is invested jointly by Matrix Partners China, IDG, Gobi, and supported by Ontology, DHVC, Node Capital, Binance Lab, LD Capital, etc. Contentos aims to build the world’s best public blockchain platform that brings values back to content creators and users by directly monetizing their content via distribution of the native token COS. It also incentivizes consumers by rewarding the creators they deem most valuable, enabling users to support their favorite content without direct funding.

Chainlink will be the official oracle of Contentos, providing high-quality data to the Contentos blockchain via its secure and reliable oracles to power next-generation content valuations for the advertising industry.

Chainlink allows Contentos to access accurate performance metrics from a variety of content spread across different platforms, which can all be stored as immutable records on the Contentos blockchain. The cross-platform performance data can be aggregated and compared historically to better calculate the current and future value of content creators. These valuable new data sets can be used to facilitate cash advances to content creators, enable tokenized investment in future revenue streams, create more detailed understandings of the content industry as a whole, and much more.

Chainlink also gives access to credentialed APIs enabling the creation of a trusted, robust, and consistently up-to-date content valuation platform. Contentos needs to source data from well-known data companies, such as Youtube, Twitter, and other popular content platforms to evaluate the total value of cross-platform content. Accessing this kind of credentialed data is not free and is highly unreliable and subject to Sybil attacks if accessed through a third party.

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Cypherium Collaborates with Chainlink to Provide Smart Contract Oracles to Global Enterprise

Cypherium is a enterprise-focused blockchain platform that prioritizes scalability and decentralization. Cypherium is capable of processing upwards of 10,000 transactions per second and delivering significant business benefits, including cheaper, more lightweight deployment, enhanced security, improved traceability, increased efficiency and speed of transactions, as well as reduced costs. With Cypherium, enterprises have access to a distributed ledger technology that can scale, while also delivering the numerous privacy and security benefits of blockchain technology.

Through access to Chainlink’s oracle capabilities, Cypherium can optimize the blockchain implementation and application procedures for its world-renowned global partners, giving them access to fully integrated smart contracts that are secure end-to-end.

Dan Kochis, Head of Partnerships for Chainlink, said, “Cypherium’s blockchain solution provides enterprises with iron-clad security and lightning speed transactions for smart contracts. Chainlink’s decentralized oracle technology enhances the functionality of smart contract blockchain platforms like Cypherium, ensuring Cypherium’s collaborators have undisputed security and reliability of their critical off-chain data feeds, web APIs and traditional bank payments. Enabling Google Cloud, AWS and IBM access to Chainlink is a significant milestone in our development, and Chainlink can advance the realization of endless use cases, made possible by Cypherium.”

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To get more information about Cypherium visit www.cypherium.io

OPEN POSITIONS AT CHAINLINK

Check out these open roles:

Developer Evangelist, Global

Integration Engineer, Global

Product Manager, Blockchain Integrations

View all open roles at https://careers.chain.link

Becoming part of the Chainlink team means working closely with team members and advisors who’ve founded and helped scale organizations such as Ethereum, Amazon, Facebook, DocuSign, Twilio, Pivotal Labs, and more. They have an active idea meritocracy inside of Chainlink, focused on achieving a common goal of evolving the way society’s most important agreements actually work, by building the next generation of smart contracts.