TRON DAO and Chainlink: Partnership for DeFi Stability and Security

user avatar

by Giorgi Kostiuk

2 years ago

TRON DAO, one of the largest blockchain ecosystems, joined the Chainlink SCALE program and will use Chainlink's Data Feeds for its pricing data needs, replacing WINkLink as its previous oracle.

Stability and Security in TRON's DeFi Ecosystem

The TRON network has a robust DeFi ecosystem anchored by popular platforms like JustLend and JustStable, which rely on secure and accurate pricing data to manage risk and ensure efficient operations. Chainlink's established reputation for secure, reliable data feeds made it a clear choice for TRON.

By delivering highly reliable, accurate, and decentralized market data on-chain, Chainlink will further empower TRON ecosystem developers to build next-gen DeFi applications.Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink

Chainlink SCALE Program

The Chainlink SCALE program is designed to provide blockchain ecosystems with access to Chainlink’s industry-standard oracle services at sustainable costs. By joining SCALE, TRON DAO will cover specific operational expenses, such as transaction gas fees, which will eventually be supported by dApp user fees as the ecosystem grows.

Rising Influence of TRON DAO and Chainlink

Despite challenges, TRON continues to expand its influence. In Q3 2024, TRON generated $577 million in revenue, with 74% sourced from staking. Meanwhile, Chainlink has partnered with financial institutions such as Euroclear and Swift to tackle unstructured data management.

TRON DAO's partnership with Chainlink is a strategic move to enhance the stability and security of their DeFi ecosystem, supporting their continued growth and influence in the blockchain industry.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Shield Launches Confidential Onchain Trading Pair for ZEC

Shield has launched the first confidential onchain trading pair for ZEC, enhancing privacy for traders.

user avatarMaya Lundqvist

C2FO and Ripple Introduce Instant Pay Initiative to Enhance Supplier Payments

C2FO and Ripple have launched the Instant Pay initiative to enhance supplier payments using the XRP Ledger and RLUSD.

user avatarLeo van der Veen

Moody's Ratings Assigns A2 and P1 Ratings to Ripple's RLUSD Stablecoin

Moody's Ratings has assigned an A2 long-term deposit rating and a P1 short-term deposit rating to Ripple's dollar-backed stablecoin RLUSD, issued by Standard Custody Trust Company.

user avatarLi Weicheng

Arthur Hayes Takes Profits and Reduces Market Exposure

Arthur Hayes, cofounder of BitMEX, has closed his directional trading book and taken profits on several tokens due to uncertainty in macroeconomic and geopolitical conditions.

user avatarElias Mukuru

Ethereum Faces Liquidations Amid Bitcoin's Price Volatility

Ethereum positions saw significant liquidations alongside Bitcoin's price drop, with approximately $13.672 million liquidated during the same four-hour period.

user avatarBayarjavkhlan Ganbaatar

Stablecoins Highlighted as Key to US Dollar Strategy

Stablecoins highlighted as crucial to US dollar strategy, emphasizing their connection to government debt and the evolving regulatory landscape.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.