Partnerships and team members

TROY Collaborates with Chainlink

TROY has recently announced a technology integration with Chainlink.

Troy Trade is a global prime broker specialized in crypto-asset trading and asset management. They provide crypto brokerage services for institutional-grade capital and professional traders with revolutionary trading products. Troy Network is designed to break the trading barriers of crypto assets by building a frictionless, integrated crypto asset trading ecosystem.

Chainlink will help TROY build a secure and reliable oracle design for the trading platform. Through this integration, TROY will adopt Chainlink’s novel and advanced technology, which allows their critical smart contracts to be securely executed based on trusted off-chain market data. TROY can also provide Chainlink users from other platforms access to promising application scenarios, like trading marketplaces and settlement networks.

The system architecture of the Troy Network consists of four layers: the public chain protocol layer, the off-chain trading layer, the settlement network layer, and the application layer. In order to improve users’ trading experience, Troy Network will work with Chainlink to integrate an efficient and secure oracle, supporting the application layer by optimizing the trading process.

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B-Harvest is Joining Chainlink as a New Node Operator

B-Harvest is a blockchain validator. They participate in many different dPoS networks.

According to B-Harvest team, Chainlink is becoming the most widely used oracle protocol for not only the Ethereum network, but across all other blockchain networks. A trusted oracle protocol greatly extends the functionality of the smart contracts running on top of these various blockchain, opening up whole new sets of decentralized applications previously unavailable to developers. For this reason, they have chosen Chainlink, as it’s the market standard for decentralized oracle services.

They believe that there are many features outlined in their whitepaper that still need to be implemented. These features will provide more functionality and security to their already popular oracle infrastructure. It includes not only technical improvements, but an extensive amount of active participation from the oracle node community.

B-Harvest will be actively participating in the Chainlink community and continually searching for ways to enhance Chainlink’s oracle functionality to benefit the entire blockchain space.

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B-Harvest

Hdac Technology signs technical partnership with Chainlink

Hdac Technology (“Hdac”) is Seoul — Blockchain company founded by Dae Sun Chung, Hyundai BS&C CEO and member of the Hyundai family.

Hdac and Chainlink will jointly develop a system that filters off-chain data created by IoT services and other networks and delivers this credible data on-chain to Hdac’s blockchain-based DApps. They will collaborate on shared resources, infrastructure, solutions, and ecosystems, as well as cutting edge blockchain and smart contract technologies.

According to Yong-Wan Ju, Representative Officer for Hdac Korea, Hdac’s blockchain-based service providers will be able to develop various real-life use cases utilizing verified off-chain data thanks to the partnership.

Sergey Nazarov, Co-founder of Chainlink, said: “We’re excited to work closely with Hdac to securely integrate real-world data and systems into their premier enterprise blockchain. Chainlink’s decentralized oracle network opens up a large number of enterprise use cases for Hdac applications, thanks to trusted data sourcing and delivery from key non-blockchain infrastructure.”

At the end of last year, Hdac has announced its participation in investment fund creation worth 32 billion Korean won with a venture capital company T Investment to lead the vitalization of various blockchain-based ICT integration services by discovering, investing, and fostering small but mighty start-ups that have platforms, technology, solutions, and etc.

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Hdac Technology

Haven is collaborating with Chainlink to provide a decentralized oracle service for XHV, xUSD, and all future xAssets

Haven is a Monero-based protocol for creating private stablecoins and assets. Haven’s first private stablecoin, xUSD, will allow anyone to store and transfer their money with complete privacy.

Haven is the first Monero-based project to collaborate with Chainlink on oracle services.Chainlink’s services will be used for the mainnet launch of Haven’s first private stablecoin, xUSD. This is an important step towards their goal of decentralization and censorship resistance and reinforces Haven’s commitment to private decentralized finance.

The need for versatile and well-distributed data providers is something deemed essential for the launch of xUSD on mainnet. Chainlink is now able to assist Haven with this crucial piece of project infrastructure.

Chainlink is rapidly becoming one of the most respected and capable oracle solutions in the crypto space. They have a reputation for security and reliability, used by large enterprises, major exchanges, and other DeFi projects. Haven feel this is a great match for their ambitions and the projected growth they anticipate over the coming months and years.

Today they are launching the xUSD stagenet for public testing before mainnet launch. This stagenet incorporates a custom Chainlink oracle for XHV to xUSD exchanges. xUSD will act as the base layer for building out the Haven network to be a leading provider of private decentralized finance.

More information about participating in the stagenet can be found here:

Haven Launches xUSD Stagenet Utilizing Chainlink Oracle

Johann Eid, Product Manager on Chainlink, stated, “We’re excited to foster the growth of a privacy-focused project like Haven by providing their critical protocol with secure, decentralized price data. Their private stablecoin network contributes to user’s privacy in a DeFi ecosystem and we’re glad Chainlink can help make that a reality via quality market data sourcing.”

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bZx Integrates with Chainlink to Prevent Future Price Oracle Exploits

BZx have decided to adopt Chainlink’s decentralized oracle networks as the basis for their new price oracles over the long term. By using Chainlink’s decentralized oracle solution, each of their critical price feeds is secured by numerous independent nodes, which collectively source data from over 7 independent data aggregators. This gives their price oracles significantly greater exposure to true market-wide price discovery from top liquidity sources and introduces far stiffer security barriers thanks to decentralization at both the oracle and data levels. Thus combined, this eliminates any attack vector that can be easily exploited by vastly increasing the amount of capital and multi-party coordination needed to carry out any future attacks.

BZx will be using and sponsoring some of Chainlink’s Price Reference Data for DeFi, which already includes many of the critical data feeds they need. Those data feeds are also used and supported by other DeFi projects such as Synthetix, Aave, Nexus Mutual, and Loopring, and will likely expand to include more in the near future.

Chainlink’s Price Reference Data Contracts are decentralized oracle networks made up of multiple independent, security reviewed, and Sybil resistant node operators. These nodes are run by leading blockchain DevOps and security teams, many of which have extensive experience running POS nodes that secure millions of dollars in value across multiple blockchain networks.

These decentralized oracle networks provide on-chain prices for a variety of important markets, such as BTC/ETH, DAI/ETH, SNX/ETH and more. On-chain prices are calculated by having each independent node retrieve data from one of ten different data aggregators, with every network containing several independent data aggregators. The nodes’ individual responses are then aggregated together to form a collective response, which is then sent on-chain as a new price update to the reference contract. Updates can be programmed to occur in time intervals (hourly, daily, etc.), price deviations (such as every 1% change in price), or some combination of both.

This new model offers increased security since both the data delivery mechanism of the oracle and that actual data source itself is far more decentralized and accurate than any on-chain oracle mechanism. Since there are numerous independent oracles that secure each price feed, there is no single point of failure at the node level. This is beneficial towards maintaining perfect uptime, as well as avoiding a single oracle being the sole subject of truth or tampering with the price feed due to incompetence or bribery. Likewise, having numerous independent nodes source data from many independent, yet trusted data aggregators, the on-chain price used by Dapps to execute critical smart contract functions reflects the true market price since its obtained via an aggregation of the top liquidity sources for that particular market price.

This allows bZx far better exposure to true price discovery that cannot be easily manipulated by outside forces. While some coins simply have illiquidity even when aggregated across all exchanges, most coins have much stronger liquidity when combining the various liquidity sources across the market. Therefore, attacking all these at the same time is not only more complex, but also requires significantly more capital to carry out. Chainlink allows bZx to tap into market-wide price discovery, which will substantially harden bZX oracle mechanism against illiquidity attacks.

Even in the situation where a DEX has strong liquidity for a particular market, such a market is likely to have great market-wide liquidity given its general popularity. Therefore, the security guarantees are still much stronger when aggregating the price from all the top liquidity sources, as opposed to just one, even if it’s highly liquid. Important price feeds are even more critical to protect, given they can be used in more combination across DeFi with potential access to larger pools of capital.

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bZx