Categories: Uncategorized

Chainlink (LINK) price feeds are now live on the Avalanche mainnet

Onboarding Chainlink’s price feeds onto the AVAX mainnet allows developers to use the oracle platform’s price reference data in the DeFi applications.

Avalanche has integrated Chainlink’s data feeds, bringing external data onto the smart contracts platform for seamless access by a growing number of developers.

Incorporating the “industry-leading price feeds’ ‘ from Chainlink allows any developer to now build and deploy decentralised finance (DeFi) applications on Avalanche, the team behind the blockchain project noted in a blog post announcement.

Chainlink has set the standard for oracles and data across blockchains and dapps, and this will unlock an enormous amount of development across the community,” Emin Gün Sirer, the founder and CEO of Ava Labs added in a statement.

As per the blog post, developers in Avalanche’s open-source ecosystem can now tap into the data feeds as they build top-quality dApps for the derivatives markets, lending protocols and high throughput trading systems, among other DeFi-focused applications.

With this partnership, dApps developers can benefit from creating projects that are not just highly scalable and low cost, but which offer interconnectivity across the DeFi space.

It’s also now much easier for devs to integrate such on-chain functionalities as minting fair market loans, rebasing algorithmic stablecoins, setting exchange rates and generating automated trading stra

Read More

News Bot

Share
Published by
News Bot

Recent Posts

Indonesia’s surging COVID-19 infections hits close to home for Australia’s live export industry

A second wave fuelled by the spread of the Delta variant is seeing Indonesia's COVID-19…

34 seconds ago

Newcastle United defender Florian Lejeune moves to Alaves on a permanent deal

Newcastle United defender Florian Lejeune completes a move to La Liga side Alaves on permanent…

35 seconds ago

Top 10 Newcastle United Entertainers

What are the top 10 Newcastle United Entertainers? In a new feature on The Mag,…

36 seconds ago

Newcastle United Official Announcement – Florian Lejeune departs

On Thursday afternoon a Newcastle United Official Announcement has confirmed that Florian Lejeune has now…

37 seconds ago

2 year milestone of Mike Ashley’s Joelinton plan and this is the mess Newcastle end up in

I don’t blame Joelinton. He is what he is. A very average player who generally…

38 seconds ago

Martin Dubravka with good news/bad news update on his injury and future after surgery

Newcastle United are maintaining total silence on Martin Dubravka, as is the case with pretty…

39 seconds ago