- Launch of Chainlink Data Streams and VRF
- Chainlink's Role in Asset Management
- Integrations with Chainlink
Chainlink has officially launched two of its flagship products, Chainlink Data Streams and Chainlink VRF, on the Base blockchain, a growing layer-2 solution incubated by Coinbase and secured by Ethereum.
Launch of Chainlink Data Streams and VRF
Chainlink Data Streams offers an advanced data solution tailored for the DeFi market. It integrates market data with automated execution to facilitate new high-throughput, user-friendly DeFi products, ensuring similar experiences as provided by centralized exchanges. 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, better gas consumption prediction, and an improved user experience for future upgrades.
Chainlink's Role in Asset Management
Earlier this week, Superstate integrated Chainlink’s infrastructure into its Superstate Short Duration US Government Securities Fund (USTB) to enhance the transparency and utility of this tokenized treasury fund. The integration provides real-time net asset value (NAV) data through Chainlink’s decentralized oracle technology.
Integrations with Chainlink
21Shares US LLC, an affiliate of 21Shares AG, recently integrated Chainlink’s Proof of Reserve on the Ethereum mainnet to improve the transparency of its Core Ethereum ETF (CETH). This effort aims to offer clear visibility into the Ethereum reserves backing the ETF. 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 marks a significant step in advancing DeFi infrastructure and enhancing transparency in asset management.
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