Stacks Foundation Receives Chainlink Community Grant
- The funds from the grant will be used to fund the Stack Accelerator, a mentorship-driven program aimed at startups.
- Developers that want to integrate Chainlink’s Price Feeds will be provided additional resources from the grant.
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According to a Chainlink press release from 21 May, the grant will enable the Stacks Foundation to continue its ongoing work with the Stack Accelerator, a mentorship-driven program designed to fuel the growth of startups built on the Stacks blockchain, which already supports dozens of early-stage startups.
Stacks developers that seek to leverage Chainlink’s Price Feeds to use in their smart contracts will be provided additional resources from the grant, the company said.
“The integration of Chainlink oracles will further expand the tools and secure off-chain services available to Stacks developers, enabling the creation of even more advanced DeFi applications that can achieve widespread adoption,” said Trevor Owens, Managing Partner of the Stacks Accelerator.
Chainlink’s Community Grants program aims to accelerate the development of companies building universally connected smart contracts and secure oracle networks. By providing financial support to Stacks Accelerator, Chainlink wants to strengthen the connection between the two ecosystems and bring more use-cases to its oracle services.
- 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.