- Launch of New Chainlink Products
- Chainlink's Role in Asset Management and Transparency
- Chainlink's Integrations with Financial Institutions
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.
Launch of New Chainlink Products
Chainlink Data Streams offers an advanced data solution tailored for the DeFi market, reportedly integrating low-latency market data with automated execution to facilitate a new era of high-throughput, user-friendly DeFi products. Data Streams offers seamless user experiences similar to those provided by centralized exchanges (CEXs), while simultaneously ensuring top-notch security and on-chain execution speed. Chainlink VRF 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. Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, stated: > "Base’s builder-friendly environment is a natural fit for Chainlink products. Chainlink Data Streams will enable developers to craft the next generation of DeFi products, and VRF will support secure random number generation for smart contracts on Base."
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, a tokenized treasury fund, by providing real-time net asset value (NAV) data through Chainlink’s decentralized oracle technology.
Chainlink's Integrations with Financial Institutions
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. 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.
With the launch of Chainlink Data Streams and VRF on the Base blockchain, and integrations with major financial institutions, Chainlink continues to solidify its position in the blockchain technology market, offering innovative solutions for improved transparency and security.
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