Better

Umami Finance

Chainlink

Avalanche

<ul>
 <li><strong>Umami Finance integrates Chainlink Data Streams to enhance liquidity provider experiences on Avalanche.</strong></li>
 <li><strong>The integration includes ETH/USD, LTC/USD, DOGE/USD, BTC/USD, and XRP/USD data streams.</strong></li>
</ul>
<p>Umami Finance has <a href="https://x.com/UmamiFinance/status/1809286150642688427" rel="noopener noreferrer nofollow">announced</a> the integration of Chainlink Data Streams on the <a href="https://www.crypto-news-flash.com/avalanche-boosts-game-devs-with-gamechain-by-gamestarter/" target="_blank" rel="noopener noreferrer nofollow">Avalanche</a> (AVAX) blockchain. Umami Finance, a leader in refining yield strategies, was among the first to use this industry-standard, low-latency Oracle solution.</p>
<p>This strategic initiative intends to improve liquidity providers’ (LPs’) experience by increasing the accuracy and timeliness of trades completed by Umami’s GM vaults on Avalanche.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">We're excited to announce that Umami, a leader in refining yield strategies, is among the first to integrate <a href="https://twitter.com/chainlink?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@chainlink</a> Data Streams on <a href="https://twitter.com/avax?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@avax</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26d3.png" alt="⛓" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>This integration brings the industry-standard, low-latency oracle solution to our GM vaults on Avalanche, significantly improving… <a href="https://t.co/RivtEccI4b" rel="noopener noreferrer nofollow">pic.twitter.com/RivtEccI4b</a></p>
 <p>— Umami (@UmamiFinance) <a href="https://twitter.com/UmamiFinance/status/1809286150642688427?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 5, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="strong-revolutionizing-liquidity-provision-with-chainlink-data-streams-strong"><strong>Revolutionizing Liquidity Provision with Chainlink Data Streams</strong></h2>
<p>The connection will initially feature data streams for prominent cryptocurrency pairs such as ETH/USD, LTC/USD, DOGE/USD, <a href="https://www.crypto-news-flash.com/german-government-escalates-bitcoin-sell-off-moves-282-74-btc-to-bitstamp-btc-price-to-drop-to-55000/" target="_blank" rel="noopener noreferrer nofollow">BTC/USD</a>, and XRP/USD. Chainlink Data Streams provides a credible, neutral infrastructure by employing data providers free of conflicts of interest.</p>
<p>This protects LPs from undesirable market dynamics, including price manipulation and frontrunning. Umami Finance’s vaults can execute trades with sub-second precision thanks to on-demand access to high-frequency market data, which improves transaction efficiency.</p>
<p>Umami Finance’s GM vaults on the GMX platform now allow customers to provide liquidity using a single asset, beginning with USDC and ETH. This simplifies the liquidity provisioning procedure while optimizing returns across many marketplaces.</p>
<p>The vaults actively manage hedging techniques, which reduces the complexity often involved with liquidity provision.</p>
<p>“Chainlink Data Streams were selected for several critical features,” said an Umami Finance official. “First, sub-second pricing resolutions ensure that transactions are efficient and accurate. Second, secure commit and reveal techniques provide frontrunning protection. Finally, the proven dependability of Chainlink’s infrastructure, which has supported over $12 trillion in on-chain transaction value, demonstrates its strength and trustworthiness.”</p>
<h3 id="strong-future-prospects-and-expanded-integration-strong"><strong>Future Prospects and Expanded Integration</strong></h3>
<p>Umami Finance is looking into new ways to use<a href="https://www.crypto-news-flash.com/chainlink-ccip-integrates-with-drift-labs-for-token-accessibility/" rel="noopener noreferrer nofollow"> Chainlink’s</a> platform to expand its product offerings and services across other blockchain networks. In order to offer secure, dependable, and cutting-edge DeFi solutions, it is currently important to maximize the value that data streams unlock.</p>
<p>On the other hand, Chainlink has teamed with Fidelity and Sygnum to provide <a href="https://www.crypto-news-flash.com/chainlink-collaborates-with-sygnum-and-fidelity-to-revolutionize-nav-data/" rel="noopener noreferrer nofollow">Net Asset Value</a> (NAV) data on-chain, with the goal of increasing financial market transparency. This agreement is intended to strengthen Chainlink’s position as a key infrastructure supplier in the DeFi industry.</p>
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<p>Chainlink’s (LINK) price has increased by<span style="color: #339966;"> <strong>5.98%</strong></span> in the last 24 hours, as of this writing, to $13.11. Meanwhile, Avalanche (AVAX) has increased significantly, rising by <span style="color: #339966;"><strong>6.71%</strong></span> over the same time period to $26.85. These two cryptocurrencies are the leading crypto gainers in the real-world asset (RWA) category.</p>
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Chainlink Data Streams Integrated by Umami Finance for Better LPs

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