- Introduction of Chainlink Data Streams and VRF
- Chainlink's Role in Asset Management and Transparency
- Integrations and Product Enhancements
Chainlink officially launched two of its flagship products, Chainlink Data Streams and Chainlink VRF, on Base, a growing layer-2 blockchain incubated by Coinbase and secured by Ethereum.
Introduction of Chainlink Data Streams and VRF
Chainlink Data Streams offers an advanced data solution tailored for the DeFi market. It integrates low-latency market data with automated execution to facilitate a new era of high-throughput, user-friendly DeFi products. Meanwhile, Chainlink VRF, which has processed over 21 million request transactions across various blockchains, has been upgraded to VRF v2.5 with enhancements in billing, gas consumption prediction, and improved user experience.
Chainlink's Role in Asset Management and Transparency
There have been multiple integrations occurring with Chainlink recently. Earlier this week, Superstate, an asset management firm, integrated Chainlink's infrastructure into its Superstate Short Duration US Government Securities Fund (USTB) to enhance transparency and utility by providing real-time net asset value data. Additionally, 21Shares US LLC, an affiliate of 21Shares AG, integrated Chainlink’s Proof of Reserve on the Ethereum mainnet to improve transparency of its Core Ethereum ETF (CETH), offering clear visibility into the Ethereum reserves backing the ETF.
Integrations and Product Enhancements
Chainlink’s Proof of Reserve has also been adopted by several major financial institutions, including Bancolombia Group’s Wenia and international banks like BNY Mellon and Citi. These integrations aim to enhance investor confidence and ensure asset transparency.
The launch of Chainlink Data Streams and VRF on the Base blockchain highlights Chainlink’s dedication to innovation and strengthening security and transparency in the DeFi sector and asset management, solidifying its position as a key player in the market.
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