Fintech firm YouHodler is now using industry-leading oracle solution Chainlink to increase the transparency and reliability of its backend pricing mechanisms, it said in a release shared with CryptoSlate. The initial integration involves using Chainlink Price Feeds to access high-quality decentralized exchange rates on various cryptocurrency price pairs, which are then referenced in our lending…
FinTech firm Spartan Hill has announced it is integrating Chainlink Price Feeds to help power a new decentralized Colombian Peso stablecoin called Daily (DLY), CryptoSlate learned in a release. The team will sponsor and use a new Chainlink Price Feed for COP-USD to accurately and securely calculate the value of crypto collateral used to mint/burn…
Chainlink price feeds would be used to power DeFi services on JPEG’d, a lending protocol that enables NFT holders an opportunity to obtain credit on their assets while still retaining ownership of them. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for…
Ethereum-based self-paying loan protocol Alchemix has integrated Chainlink keepers into its ecosystem to allow for even more seamless services on its DeFi platform, the Chainlink team shared in a release with CryptoSlate. How Alchemix innovates DeFi loans Alchemix routes user deposited collateral into Yearn vaults—on-chain yield aggregation strategies that chase the highest returns across the…
XRP and Chainlink (LINK) led gains among large-cap cryptocurrencies this morning as the broader market surged over the weekend, data from multiple sources shows. As such, the market gained billions of dollars—a continuation of an uptrend in place since early August. XRP jumps XRP reached a high of $1.33 at press time, gaining over 6%…
Chainlink Price Feeds, the most widely used and time-tested decentralized price oracles in DeFi, are now running live on the Solana Devnet at sub-second updates, as per a release shared with CryptoSlate. The Chainlink team plans to ship the mainnet integration before the end of Q4. The integration is the result of many months of…
Crypto asset manager Grayscale Investments filed new trusts for Aave, Cardano, Cosmos, Monero, and Polkadot in the Delaware corporate registry. As expected, each respective community is bullish over the news. However, filings do not necessarily mean Grayscale will follow through with them. The firm commented on the matter by saying filings relate to preparation for…
The oracle platform got one of its biggest political endorsements yesterday. It didn’t even have to pay for it. Chainlink adoption Hillary Schieve, the mayor of Reno, Nevada, pushed for the adoption of oracle protocol Chainlink in a tweet yesterday. She became one of the first-ever politicians to publicly endorse the platform. Absolutely come to…
Chainlink (LINK) is bumping higher on Sunday and Monday morning as the altcoin market has begun to rip higher. The seventh-largest cryptocurrency is up five percent in the past 24 hours, making it the top-performing altcoin in the top 10 by market capitalization. LINK is currently trading at all-time highs, having broken out of its…
A mysterious company popped up in the US state of Delaware. But is Grayscale behind that? LINKies unite Someone set up a Chainlink (LINK) product under the guise of a Grayscale Investments offering last month, documents from company directory Bizapedia showed. Neither did Grayscale or Chainlink make any comment, but given the fast rise of…