Follow decentralized oracle project Chainlink Keeping up with Chainlink’s developers and community is quite the task, as they are constantly in motion, driving new initiatives and changes within this dynamic ecosystem.
Don't worry about falling behind: today’s post will bring you up to speed on Chainlink’s noteworthy events from the last two weeks. Let’s get started with the cornerstone of their technology: price feeds.
New Price Feeds
Chainlink’s oracles are pivotal in bridging the gap for smart contracts, enabling them to access real-world data securely. These 'bridges' are most prominently used today in price feeds delivering precise, live pricing data to decentralized finance applications.
Chainlink is continually expanding its array of price feeds, a crucial resource for DeFi, facilitating significant benefits. Recently introduced major feeds include:
Tokens like Aave’s LEND, yEarn’s YFI, and Ethereum’s tokenized bitcoin projects are quite popular in the Ethereum DeFi arena, and Chainlink’s new price feeds for these will definitely see extensive use in the near future and onward.
New L1 & L2 Integrations
Chainlink doesn’t bind itself to a single blockchain. While its rise is largely tied to Ethereum, it can offer decentralized oracle networks to any foundational smart contract platform. Recent strides have seen Chainlink engage with projects like Blockstack and Reef for layer-one integrations.
On Wednesday, September 30th, Blockstack, a decentralized applications network project, disclosed announced its collaboration with Chainlink to implement it as the preferred oracle solution for Blockstack’s Clarity smart contract language.
Muneeb Ali, co-founder of Blockstack, expressed unwavering confidence in the collaboration, noting, 'Our understanding of Chainlink’s expert team and technology fuels our belief that this partnership will bolster our mutual ecosystem.'
Moreover, Reef Reef, a cross-chain platform for smart asset management built on Polkadot, also announced its plan to incorporate Chainlink’s price feeds, providing DeFi pricing 'denominated in both ETH and DOT.'
Chainlink has also ventured into notable layer-two scaling domains recently. For instance, utilizing Chainlink’s oracles, the synthetic assets protocol Synthetix has successfully launched on layer two. Optimistic Ethereum Testnet . Additionally, L2 scaling platform Matic Network is currently working to incorporate Chainlink’s technology into its mainnet infrastructure.
More Gaming Integrations
Beyond Chainlink’s renowned oracle technology, their VRF (Verifiable Random Function) solution has gained traction within the booming blockchain gaming sector, allowing on-chain production of verifiably random outcomes.
In recent days, the up-and-coming Aavegotchi NFT game from Aave announced announced that their mechanics would 'fully utilize Chainlink VRF', noting:
“Every Aavegotchi needs to be randomly generated with diverse intrinsic attributes like visual traits, wearables, and collateral. These distinct Aavegotchi can later employ Chainlink VRF within our mini-games and AavegotchiDAO experiences.”
Another gaming project fully embracing Chainlink is Planetarium which revealed on Tuesday, September 29th, its plan to integrate Chainlink technology for 'enhancing cross-game Metaverse communication, in-game asset pricing, and the secure trading of items.'
Chainlink Makes Grant Moves
Gitcoin Grants, an esteemed ecosystem project, offers matching funds to amplify grassroots contributions to open-source projects within Ethereum. Chainlink is now stepping up to aid this funding initiative.
This follows an announcement that the project would provide considerable funding to support ongoing efforts. Gitcoin Grants 7 campaign.
Earlier, Chainlink mentioned a grant for the blockchain infrastructure endeavor SimplyVC. The funds are designated to advance their 'PANIC monitoring and alerting system for the Chainlink Network, allowing its use by Chainlink Nodes.'
