by BSCN
August 12, 2022
In another fruitful week, Chainlink expands the capabilities of a multi-chain DEX aggregator, an NFT brand, and an Ethereum liquid staking protocol.
Decentralized oracle Chainlink supports multiple new protocols across different blockchains every week.
Its four main products, Price Feeds, Proof of Reserve, VRF, and Keepers, level up the smart contract economy and already help secure tens of billions of dollars.
In this week’s roundup:
DEX aggregator OpenOcean integrated Chainlink Price Feeds to build reliable limit orders on multiple chains, including BNB Chain, Avalanche, Ethereum, and Polygon.
OpenOcean tries to give users the best price across different exchanges to swap their crypto. The oracle network helps by providing access to high-quality price data and allowing users to execute orders faster and more accurately.
“Chainlink has always been the industry standard for decentralized oracle services. By integrating Chainlink Price Feeds, our users continue to get the best possible pricing on all their swaps, and the service helps ensure that any price data we use is precise, reliable, and most importantly, decentralized,” said Cindy, Co-Founder of OpenOcean.
Chainlink Price Feeds critical features include:
Sneaky Vampire Syndicate (SVS) integrated Chainlink Verifiable Random Function to help fairly select raffle winners.
The NFT brand leverages Chainlink’s tamper-proof randomizer to determine which users win prizes, such as PS5s, PC parts, flight vouchers, wine fridges, gaming laptops, and Nintendo Switches.
The integration was revealed to BSC News by the Chainlink team via press release.
“We’re excited to integrate Chainlink VRF to help randomize our raffles. Chainlink helps make developers’ lives easier so we can focus on what truly matters—making our products better,” commented Topkek, Project Lead of SVS.
Some of Chainlink VRF's uses include:
Swell Network integrated Chainlink Price Feeds and Proof of Reserve to help improve liquid ETH staking.
"Chainlink's best-in-class offering will provide further reassurance for Swell's stakers around the provable redeemability of swETH, which represents ETH staked on the Beacon Chain on a 1:1 basis,” said Daniel Dizon, Co-Founder and CEO of Swell Network.
Check out BSC News' weekly roundup to keep up with the latest regarding the smart contract powerhouse.
Last four editions:
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offers global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
Website | Twitter | Docs | Community
OpenOcean is a DEX aggregator, integrating major DEXs across 16 blockchains. OpenOcean’s intelligent routing algorithm optimizes swaps returns and is free to use.
Where to find OpenOcean:
The Sneaky Vampire Syndicate consists of 8,888 Vampires living their best life in The Lair - away from burning sunlight or pesky Vampire Hunters. The Syndicate is known for its community, as they are staked to accrue their $BLOOD Tokens. Their furry friends in the form of Bat Companions never leave their side.
Where to find Sneaky Vampire Syndicate:
Swell Network is a next-generation ETH liquid staking protocol that provides a differentiated offering for stakers, node operators, and the ecosystem. Swell empowers stakers to earn higher yields with more transparency in a fully non-custodial manner with improved UX. The protocol also enables node operators to run nodes for the network in a fully permissionless manner.
Where to find Swell Network:
Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto!
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Looking for a job in crypto? Check out the CryptoJobsNow!
Latest News
October 22, 2024
Do Betting Odds Know Best?
October 22, 2024
Michael Saylor's Legacy: Donating His Bitcoin Wealth to Humanity, Inspired by Satoshi Nakamoto
October 22, 2024
MakerDAO May Return as Core Brand After Sky Rebrand Faces Backlash
October 22, 2024
Bitcoin Spot ETFs Records $2.67B in Inflows in Just One Week
October 22, 2024
Chainlink and ANZ Collaborate on Private Transactions for Tokenized Real-World Assets
October 21, 2024
Transak Data Breach Exposes 92K Users: Employee Phishing Attack, Ransomware Group Claims Responsibility
October 21, 2024
Ripple Co-Founder Chris Larsen Donates $10 Million to Kamala Harris' Presidential Campaign Amid Divided Crypto Industry Support
October 21, 2024
Pump.fun Unveils New "Pump Advance" Trading Terminal, Teases Native Token Release