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Leading smart contract oracle network Chainlink partners with DeFi protocols on Ethereum and Avalanche, an NFT collection based on the Netflix series, and an emerging cross-chain swap.

DeFi Derivatives, NFTs, Avalanche Rewards, Cross-Chain Swap

Bull, bear or crab market, Chainlink continues to build correlations throughout the Web3 space. This week, leading crypto smart contract Oracle Network announced partnerships with a decentralized finance (DeFi) derivatives protocol on Ethereum, an NFT collection based on the Netflix series, a DeFi platform on Avalanche, and a cross-chain token exchange. .

In this week’s roundup:

took part in the build

Lekker Finesse has joined the Chainlink Build program to accelerate the adoption of the upcoming leveraged trading platform on Ethereum.

“We are excited to partner with Chainlink Build, which will help drive the adoption of our leveraged trading protocol. Chainlink services are essential for building DeFi protocols, and we look forward to continued collaboration with the Chainlink ecosystem,” said Lekker co- said founder Peter Prado. “Ultimately, our goal is to develop a protocol that makes it easy to gain access to leverage in DeFi. On top of that, our products are combinable which makes them ideal tools for risk management.

Lekker enables users to access liquidity from other DeFi protocols to create “a new type of DeFi derivative,” according to its website.

As part of BUILD, Laker will have access to new Chainlink product alpha and beta releases, dedicated technical support from the Chainlink ecosystem, and more.

In return, Laker has committed to giving 4% of its total token supply to Chainlink service providers, including stakers.

Gunther’s Rich Dog NFT Collection

Gunther’s Rich Dog non-fungible token (NFT) collection is integrating Chainlink VRF to support the launch of an Ethereum collection based on the Netflix series Gunther’s Millions.

Chainlink tweeted, “The Richest Dog in the World collection gives fans and collectors the opportunity to access exclusive experiences around the world with the cast and crew behind the show, from AMAs to weekends aboard Gunther’s yacht.” “

Gunther’s Rich Dog NFTs are assigned one of four levels of rarity to unlock rewards. Chainlink VRF helps ensure that each rarity level is randomly assigned and NFTs are rare enough.

BiggerMINDS integrates automation

DeFi platform BiggerMINDS has integrated Chainlink automation on the Avalanche mainnet to help it dynamically update and distribute rewards to users.

“We are excited to be using the industry-leading oracle network. Chainlink automation is key to helping us build a consistent, reliable and scalable rewards mechanism,” said Joma, Founder and CEO of BiggerMinds.

BiggerMINDS Platform includes Utility Tokens, NFTs and NFT Marketplace. Dynamic Rewards are calculated based on your MIND+ performance on a daily basis. Automation helps to execute the daily reward calculation and speed up the distribution mechanism.

cross-chain exchange

Plexus cross-chain decentralized exchange (DEX) has integrated Chainlink price feed to support swaps across the network, including Ethereum, BNB Chain, Polygon, Phantom and others planned in the near future.

Plexus tweeted, “By integration, Plexus has access to the high-quality, tamper-proof price feed needed to stabilize price effect calculations in Plexus cross-chain swaps.”

Last Four Weekly Chainlink Roundups:

  • March 12: Lendex, Planet IX, The Sneaky Vampire Syndicate
  • March 5: Aadhaar, Work, Connect, 0xCord
  • February 26: StarkNet, TrueUSD, Radiant, ETHDenver
  • February 19: Luxon, Zeta Markets, SmartCon 2023

What is Chainlink:

Chainlink is the industry standard for building, accessing and selling the oracle services needed to power hybrid smart contracts on any blockchain. The Chainlink Oracle Network provides smart contracts with a way to reliably connect to any external API and leverage secure off-chain computation to enable feature-rich applications. Chainlink currently secures billions of dollars in DeFi, insurance, gaming and other key industries, providing global enterprises and major data providers with a universal gateway to all blockchains.

Where to find Chainlink:

Website | Twitter , docs | community

Source: www.bsc.news

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