- Launch of New Chainlink Products on Base
- Details on Chainlink Data Streams and VRF
- Chainlink's Role in Asset Management and Transparency
Chainlink, a well-known provider of decentralized oracles, announced the launch of two of its flagship products, Data Streams and VRF, on the growing layer-2 blockchain Base, incubated by Coinbase and secured by Ethereum.
Launch of New Chainlink Products on Base
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.
Details on Chainlink Data Streams and VRF
According to reports, Data Streams offers seamless user experiences similar to those provided by centralized exchanges (CEXs), while ensuring top-notch security and on-chain execution speed. Chainlink VRF has processed over 21 million request transactions across various blockchains, and the latest VRF v2.5 upgrade introduces several enhancements, including more efficient billing, improved gas consumption prediction, and an enhanced user experience for future upgrades.
Chainlink's Role in Asset Management and Transparency
Chainlink has been integrating with various platforms 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 its transparency and utility. Additionally, 21Shares US LLC, an affiliate of 21Shares AG, 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. 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.
The launch of Chainlink Data Streams and VRF on the Base blockchain represents a significant step forward for decentralized finance and smart contract security. These products provide new opportunities for developers and strengthen user confidence in DeFi solutions.
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