The Oracle Debate: How Should DeFi Protocols Source Price Data?

2020-12-1 16:46

Chainlink is in one corner, explaining why using one or low-quality DeFi sources is a bad idea. Uniswap is in the other and its founder begs to differ. It all began with Chainlink’s Sergey Nazarov who posted a blog on the risks of improperly leveraging oracle flexibility when sourcing data.

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DEX Synthetix Now Allows Trading of Brent Crude Oil Powered by Chainlink Oracle

Popular DeFi project DEX Synthetix now allows the crypto market to trade Brent Crude Oil as well. sOIL (Synthetic Brent Crude Oil) is a non-expiring Crude Oil Index based on the futures prices of ICE Brent Crude Oil, whose price is tracked through price feeds supplied by the Chainlink oracle, which will source the data […] The post DEX Synthetix Now Allows Trading of Brent Crude Oil Powered by Chainlink Oracle first appeared on BitcoinExchangeGuide.

2020-11-14 20:30


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ChainLink Network Hits New Milestone Of Over $30 Billion In Cumulative Transaction Volume

The cumulative transaction on Chainlink has recorded a new all-time high transaction volume totaling $30 billion, following a resurgence of LINK Marines activity in the crypto market. This is according to data from Glassnode, which indicates that the Chainlink network has handled over $30 Billion in transaction volume following a steady rise since September 22. […]

2020-10-15 14:45


Synthetix Becomes The Latest DeFi Project To Fully Integrate Chainlink’s Decentralized Oracles

The DeFi protocol had previously integrated Chainlink oracles to connect off-chain data, relying on their internal oracles for on-chain data. However, Chainlink will now be fully used to remove any dependence on centralized parties as oracles providing data on the price of commodity crypto and forex synthetic assets (Synths) traded.

2020-9-3 23:18


Chainlink Acquires Cornell University’s DECO Project, to Enhance the Privacy of Data on Oracles

Chainlink, the decentralized oracle provider, has acquired Cornell University-based project DECO meant to enhance the privacy of oracles used on blockchain networks. Oracle-based data plays a critical role in maintaining the blockchain network, and with growing cases of hacks and ransomware, strengthening the accuracy, security, and privacy of the Oracle systems would eventually enhance the […] The post Chainlink Acquires Cornell University's DECO Project, to Enhance the Privacy of Data on Oracles first appeared on BitcoinExchangeGuide.

2020-8-31 16:26


Chainlink to Provide Decentralized Weather Data for Arbol’s Crop Derivatives on Ethereum

Chainlink has partnered with Arbol, a crop insurance startup, to enable farmers to hedge against weather risks based on Ethereum’s smart contract infrastructure. Arbol will leverage Chainlink’s decentralized data feed to keep its fundamentals up to date such that the farmers are settled in time and at the prevailing market prices. Arbol’s smart contract ecosystem […]

2020-8-20 18:35


Binance Smart Chain Testnet Adds Real-World Data With Chainlink’s Oracle Network Integration

Binance Smart Chain (BSC) announced the successful completion of the integration of Chainlink’s decentralized oracle on Twitter this Tuesday. The combination of Chainlink brings about ease in the development of decentralized applications on the blockchain by providing a direct link to external data sources, which saves developers time in creating their oracles. BSC, who launched […]

2020-7-24 20:20