Solana Integrates Chainlink Price Oracles on Mainnet

Key Takeaways

  • Solana has built-in Chainlink’s decentralized value feeds on its mainnet.
  • The mixing will permit Solana builders to leverage dependable, close to real-time value feeds from Chainlink’s decentralized oracles to construct superior DeFi apps.
  • Builders will initially be capable of entry solely seven totally different value feeds, with a whole lot extra to come back within the coming months.

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Chainlink introduced immediately that its decentralized value oracles have turn into accessible on Solana, initially permitting builders to supply dependable, real-time value knowledge for seven totally different buying and selling pairs, with a whole lot extra to come back within the coming months.

Chainlink Worth Charges Go Stay On Solana

Builders on the high-throughput blockchain are getting one other tech lego to construct with.

The main oracle supplier introduced in a Friday press launch that its value oracle networks had gone reside on the Solana Mainnet. To start with, builders will be capable of leverage seven totally different Chainlink value feeds, together with ones for the BTC/USD, ETH/USD, and USDC/USD buying and selling pairs, to construct superior decentralized functions on the blockchain. A whole bunch of value feeds will moreover turn into accessible within the coming months.

Commenting on the mixing, the co-founder of Chainlink, Sergey Nazarov, stated: 

“By offering essentially the most dependable and highest high quality knowledge to the already lightning-fast Solana blockchain, the Chainlink integration with Solana is a serious leap ahead for the form of scalable, institutional-grade, DeFi functions that may be constructed solely on Solana. Chainlink is now essentially the most sturdy and complete oracle community on the Solana blockchain, and we anticipate its position within the Solana ecosystem to increase as we combine extra value feeds and extra off-chain providers.”

The co-founder of Solana, Anatoly Yakovenko, added that Chainlink’s launch on the community will “give DeFi builders entry to essentially the most broadly used oracles in blockchain” and allow them to “construct new DeFi dapps and merchandise.” To that time, a number of Solana-native DeFi tasks have already dedicated to adopting Chainlink’s value feeds, together with yield aggregators Francium and Tulip, cash market Paricot Finance, and the stablecoin protocol UPFI.

Moreover the worth feeds, Chainlink additionally stated it desires to convey extra of its providers to Solana, together with its Proof-of-Reserve service for asset attestations, its keepers for event-driven and time-based automation, and its Verifiable Random Operate for sourcing randomness.

Disclosure: On the time of writing, the creator of this piece owned ETH and a number of other different cryptocurrencies.

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