- Launch of Chainlink Data Streams and Chainlink VRF
- Chainlink's Role in Asset Management and Transparency
- Integration with Major Financial Institutions
Chainlink has officially launched its flagship products, Chainlink Data Streams and Chainlink VRF, on Base, a growing layer-2 blockchain incubated by Coinbase and secured by Ethereum.
Launch of Chainlink Data Streams and Chainlink VRF
Chainlink Data Streams offers an advanced data solution tailored for the DeFi market. This product integrates low-latency market data with automated execution to create high-throughput, user-friendly DeFi products. According to reports, Data Streams provides seamless user experiences similar to those offered by centralized exchanges (CEXs), while ensuring top-notch security and transaction execution speed. Chainlink VRF has processed over 21 million request transactions across various blockchains, and the latest VRF v2.5 includes several enhancements, such as more efficient billing, improved gas consumption prediction, and an enhanced user experience for future upgrades.
Chainlink's Role in Asset Management and Transparency
Earlier this week, Superstate, an asset management firm, integrated Chainlink's infrastructure into its Superstate Short Duration US Government Securities Fund (USTB). This integration aims to enhance the transparency and utility of USTB by providing real-time net asset value (NAV) data through Chainlink’s decentralized oracle technology. Additionally, 21Shares US LLC, an affiliate of 21Shares AG, has integrated Chainlink’s Proof of Reserve on the Ethereum mainnet to improve the transparency of its Core Ethereum ETF (CETH). This move aims to offer clear visibility into the Ethereum reserves backing the ETF, bolstering investor confidence.
Integration with Major Financial Institutions
Chainlink’s Proof of Reserve has been adopted by several major financial institutions, including Bancolombia Group’s Wenia and international banks like BNY Mellon and Citi.
The launch of Chainlink Data Streams and Chainlink VRF on Base marks a significant step in the development of DeFi and asset management solutions that ensure high transparency and security.
Comments