Reserve Dollar

random

DeFi

Chainlink

Reserve

Chainlink officially launched two of its flagship products, Chainlink Data Streams and Chainlink VRF, on Base, a growing layer-2 blockchain incubated by Coinbase and secured by Ethereum.&nbsp;
Chainlink Data Streams offers an advanced data solution tailored for the DeFi market, according to a press release shared by BSCN. It reportedly integrates low-latency market data with automated execution to facilitate a new era of high-throughput, user-friendly DeFi products.&nbsp;
&nbsp;
Per reports, data Streams offers seamless user experiences similar to those provided by centralized exchanges (CEXs), while simultaneously ensuring top-notch security and on-chain execution speed.
&nbsp;
On the other hand, Chainlink VRF processed over 21 million request transactions across various blockchains, and the latest VRF v2.5 upgrade introduces several enhancements. These include more efficient billing, improved gas consumption prediction, and an enhanced user experience for future upgrades, according to the announcement.
&nbsp;
Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, stated:&nbsp;
&nbsp;
<blockquote>
 “Base’s builder-friendly environment is a natural fit for Chainlink products. Chainlink Data Streams will enable developers to craft the next generation of DeFi products, and VRF will support secure random number generation for smart contracts on Base.”
</blockquote>
<h2 dir="ltr" id="span-span-chainlink-s-role-in-asset-management-and-transparency-span-span">Chainlink’s Role in Asset Management and Transparency</h2>
There have been multiple integrations occurring with Chainlink recently. Earlier this week, Superstate, an asset management firm,&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/superstate-integrates-chainlink-to-boost-transparency-of-ustb-tokenized-fund">integrated</a> Chainlink's infrastructure into its Superstate Short Duration US Government Securities Fund (USTB).&nbsp;
&nbsp;
This integration aims to enhance the transparency and utility of USTB, a tokenized treasury fund, by providing real-time net asset value (NAV) data through Chainlink’s decentralized oracle technology.
&nbsp;
Additionally, 21Shares US LLC, an affiliate of 21Shares AG, has&nbsp;<a style="text-decoration:none" href="https://bsc.news/post/chainlink-proof-of-reserve-now-backs-21-shares-core-ethereum-etf">integrated</a> Chainlink’s Proof of Reserve on the Ethereum mainnet to improve the transparency of its Core Ethereum ETF (CETH). This move aims to offer clear visibility into the Ethereum reserves backing the ETF, bolstering investor confidence.
&nbsp;
Further, Chainlink’s Proof of Reserve has been adopted by several major financial institutions, including Bancolombia Group’s Wenia and international banks like BNY Mellon and Citi.

Chainlink Data Streams and VRF Launch on Base, Boosting DeFi and dApp Capabilities

Table of Contents

BSCN

Other articles published on Aug 16, 2024

Arbitrum DAO Approves ARB Staking and Governance Proposal with 91% Vote

Venezuela Blocks Access to Binance and Social Media Platform X Amid Political Tensions

Defiance launches MSTX, a MicroStrategy 1.75x ETF, as the most volatile ETF in the US market

China and Russia Turn to Bitcoin and other Cryptocurrencies Amid De-Dollarization and Banking San...

Binance Hit with $86M Tax Demand by Indian Authorities Over GST Registration

Uniswap Foundation Reports $36.81M in Reserves and $3.22M in New Grants for Q2

Join our free newsletter for daily crypto updates!