Chainlink Price Feeds Go Live on Fantom Testnet
- The integration was made possible through the Chainlink Community Grant Program awarded to block42.
- Fantom developers will be able to test Chainlink’s price data ahead of their launch on the Opera mainnet.
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According to a Fantom blog post from 28 June, the integration was made possible through the Chainlink Community Grant Program, which awarded a grant to block42 to perform the development work. The development team behind block42 will continue to utilize the grant to launch Chainlink Price Feeds on the Opera mainnet in the near future.
Chainlink Price Feeds will be natively accessible to Fantom developers, meaning they will run at the native speed and costs of Fantom. The Chainlink Price Feeds currently available on the Fantom testnet include FTM/USD, ETH/USD, LINK/USD, BTC/USD, USDT/USD, BTC/ETH, and LINK/ETH. All of the available Price Feeds are secured by a decentralized oracle network made up of Sybil-resistant node operators who source prices from high-quality data aggregators.
Michael Kong, the CEO of Fantom, said that Fantom developers will have direct access to premium, flash-loan resistant price data once Chainlink’s Price Oracles launch on the Opera mainnet.
“This allows developers to focus on building their core products, knowing their oracle mechanism is taken care of by industry’s most secure and reliable infrastructure,” he said in the company’s blog post.
- Chainlink Staking v0.1 is now available on the Ethereum mainnet to a limited number of users, but will be opened to the general public on 8 December.
- The new feature includes a LINK staking pool with 25 million token cap, which aims to secure the ETH/USD price feed within the Ethereum mainnet.
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- The proof-of-concept project will see SWIFT use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect to most blockchain environments.
- CCIP will allow the interbank messaging system to instruct on-chain token transfers, further accelerating the adoption of blockchain technology.
- Partnering with Chainlink will allow Galaxy Digital to distribute its crypto pricing data to various blockchains, and help developers build better applications.
- The company noted that its high-quality pricing data will play a valuable role in “unlocking exciting new use cases and driving innovation across the DeFi ecosystem.