TRON DAO and Chainlink: Partnership for DeFi Stability and Security

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

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

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.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Nigeria's Central Bank Unveils New Regulations for Virtual Assets

On November 5, 2023, Nigeria's Central Bank announced a new licensing framework for non-security virtual assets, including stablecoins, aimed at enhancing consumer protection and financial system integrity.

Elias Mukuruan hour ago

US Economy Adds 165,000 Jobs in October

The Bureau of Labor Statistics reported that the US economy added 165,000 jobs in October, with the unemployment rate stable at 4.1%, complicating expectations for quick monetary easing by the Federal Reserve.

Diego Alvarez2 hours ago

TeraWulf Announces Major Contracts and Future Plans

TeraWulf has secured significant contracts, including a 20-year lease with Anthropic and a credit backstop from Google, signaling strong future revenue potential.

Kenji Takahashi4 hours ago

TeraWulf Reports Significant Shift in Revenue Sources

TeraWulf's third-quarter earnings reveal a major transition towards high-performance computing, with HPC lease revenue making up 83% of total revenue.

Maria Fernandez4 hours ago

Solana Foundation Reports Major Protocol Changes and Record Asset Value

The Solana Foundation has released its October 2023 ecosystem review, detailing significant protocol changes that went live last month, including a reduction in target slot time to 200 milliseconds and the activation of Alpenglow consensus, highlighting a record value of $5 billion in real-world assets on the network.