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Zach Rynes | CLG Profile picture
@ChainLinkGod
Aug 29, 2020 • 3 tweets • 2 min read • Read on X
.@chainlink has just acquired Cornell University's privacy based oracle DECO

@AriJuels, former chief scientist of RSA and co-creator of DECO, is joining Chainlink Labs to head research

New #Chainlink whitepaper v2 is in the works as well
coindesk.com/chainlink-bloc…
"Nazarov said DECO can be used as a foundation for permissionless credit or decentralized identification

An oracle like DECO could one day allow a smart contract to query off-chain credit information such as banking records without overreaching into personal data"
“DECO is the way a lot of collateral will make its way to DeFi,” @SergeyNazarov said.

Juels told CoinDesk this privacy is possible through DECO’s incorporation of zero-knowledge proofs"

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More from @ChainLinkGod

Zach Rynes | CLG Profile picture
Jan 1
Happy new year frens, welcome to 2024 🙌

Obligatory thread of some of my unfiltered thoughts and predictions regarding the major crypto trends this year

🧵 Image
• Bitcoin as a Dominant Asset Class

The catalysts for $BTC are clear; a dozen or so spot ETFs a week from approval, halving in April, multiple interest rate cuts, and fiat money printer brrrrr

Initial ETF inflows won’t be as massive as expected but will ramp up over the yearImage
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$BTC spot ETF Issuers will battle over management fees (sub 40bps fees), advertising will be strong (Super Bowl ads), and a lawsuit with the SEC over allowing in-kind issuance/redemption vs just cash

$ETH ETF will be next and then no ETFs for other tokens this year (2025 tho…)


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Read 18 tweets
Zach Rynes | CLG Profile picture
Dec 18, 2023
A liquid restaking token that is backed by liquid staking tokens deposited in a restaking protocol which rehypothecates staked ETH

This is getting pretty deep, can we add another layer of liquidity and risk here? I don’t think we have enough
Note that there’s four+ layers of risk

1. Risk of staking ETH
2. Risk of liquid staking ETH
3. Risk of restaking ETH
4. Risk of liquid restaking ETH

You’re not only exposed to slashing and smart contract bug risk at each tier, but risks that only appear when composing protocols
Hell, why not take this further

Deposit your liquid restaking token into an AMM DEX, get an LP token back in return, and then deposit that LP token into a money market as collateral so you can borrow even more ETH to liquid restake

Adds 3 more layers of risk to the process
Read 5 tweets
Zach Rynes | CLG Profile picture
Nov 25, 2023
"Chainlink is just an oracle"

What started as a single ETH/USD Price Feed has since expanded into a fully-featured platform of services

There are now 1,000+ #Chainlink oracle networks that span external data, offchain compute, and cross-chain interoperability

A thread 🧵 Image
Oracles connect blockchains to external systems, enabling them to execute based on inputs/outputs from the real world

Before chainlink, oracles were highly centralized and insecure, with frequent oracle attacks resulting in exploits and loss of funds

garbage in -> garbage out Image
Chainlink solved this problem through the creation of decentralized oracle networks (DONs), backed by strong cryptoeconomic incentives and high quality node operators

Chainlink isn't a monolithic network, but rather a platform for creating oracle networks
blog.chain.link/how-chainlink-…

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Read 24 tweets
Zach Rynes | CLG Profile picture
Nov 3, 2023
Arta TechFin, a Hong Kong-based financial services institution, is collaborating with #Chainlink Labs on the creation of regulated, fiat-based, cross-chain tokenized funds 👀

Chainlink CCIP will enable the transfer of fund tokens across public and private chains, increasing liquidity through cross-chain atomic settlement

Chainlink Data Feeds will provide transparent data for onchain Net Asset Value (NAV) reporting, making the data instantly available to all market participants

Chainlink Proof of Reserve will verify that the onchain fund tokens are backed and secured by designated assets under traditional and crypto custodians

The future is on
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Arta TechFin (HKSE: 0279) is a hybrid financial (HyFi) platform bridging traditional finance with blockchain-based financial system via technology innovations

Its regulated one-stop solution enables corporates, financial institutions, and family offices to access traditional assets and digital assets

Arta TechFin, through its various subsidiaries, are licensed under Hong Kong Securities and Futures Commission

Other licenses include Hong Kong Stock Exchange participant, insurance brokerage license, trustee license and money lending license in Hong Kong as well as Eurex and Chicago Mercantile Exchange participants
@SergeyNazarov on the collaboration at @HongKongFinTech Week:
Read 5 tweets
Zach Rynes | CLG Profile picture
Sep 22, 2023
$LINK is the true institutional coin

And not because of flimsy handwavey narratives or vague hyped up “connections”

But because @Chainlink has been working directly with the largest financial institutions globally on accelerating tokenized asset adoption via #CCIP

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The Society for Worldwide Interbank Financial Telecommunications (@swiftcommunity) on using CCIP for interoperability



Swift is used by 11,500+ financial institutions globally for inter-bank messaging, facilitating international money/security transfers swift.com/news-events/pr…



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Participants in the Swift blockchain interoperability collaboration included 12+ of the largest financial institutions and market infrastructure providers in the world including:

DTCC
Euroclear
Clearstream
BNY Mellon
BNP Paribas
Citi
ANZ
Lloyds
SDX

More on the participants:
Read 7 tweets
Zach Rynes | CLG Profile picture
Aug 31, 2023
Swift published a new results report about their recent collaboration with #Chainlink & 12+ of the largest financial institutions on using CCIP for blockchain interoperability 👀

CCIP connected existing Swift infra to multiple public/private blockchains

swift.com/news-events/pr…



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Participants in the collaboration includes DTCC, Clearstream, Euroclear, Citi, BNY Mellon, BNP Paribas, Lloyds, ANZ Bank, SDX, and more

These are some of the largest financial institutions and market infrastructure providers in the world 🤯
"Working with more than a dozen major financial institutions and market infrastructures and Chainlink, a leading Web3 services platform, Swift has successfully demonstrated that it can provide a single point of access to multiple networks using existing, secure infrastructure, thereby significantly reducing operational challenges and investment required for institutions to support the development of tokenised assets." - @swiftcommunity
Read 4 tweets

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