- Chainlink Data Streams
- Chainlink VRF
- Chainlink's Role in Asset Management and Transparency
Chainlink has officially launched two of its flagship products, Chainlink Data Streams and Chainlink VRF, on the Base blockchain incubated by Coinbase and secured by Ethereum.
Chainlink Data Streams
Chainlink Data Streams offers an advanced data solution tailored for the DeFi market. According to a press release, this product integrates low-latency market data with automated execution to facilitate a new era of high-throughput, user-friendly DeFi products. It reportedly provides seamless user experiences similar to those provided by centralized exchanges (CEXs), while simultaneously ensuring top-notch security and on-chain execution speed.
Chainlink VRF
Chainlink VRF processed over 21 million request transactions across various blockchains, and the latest VRF v2.5 upgrade introduces several enhancements. These include more efficient billing, improved gas consumption prediction, and an enhanced user experience for future upgrades.
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 the transparency and utility of USTB, a tokenized treasury fund. This integration provides 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. Further, 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 VRF on the Base blockchain demonstrates the company's commitment to enhancing user experiences in DeFi and ensuring high transparency and security in asset management. These products help lay the foundation for more secure and transparent financial solutions in the blockchain sphere.
