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20 May, 5 tweets, 4 min read
Today in #Chainlink 🔗

"We’re proud to award a @Chainlink Community Grant to the @GreenWorldOrg, an ambitious project that is showcasing how hybrid smart contracts can be leveraged to reverse the effects of climate change"

Smart contracts = better planet
blog.chain.link/reversing-clim…
"The grant will help fund Green World Campaign’s regenerative agriculture project AIRS—a hybrid smart contract application that uses satellite data to automatically dispense financial rewards to people who successfully regenerate designated areas of land"

Built with @initc3org
"@Benchmark_DeFi will leverage #Chainlink oracle data feeds to derive the inputs for rebasing, utilizing the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX), a measure of expected stock market volatility based on S&P 500 index options"

$MARK $LINK
medium.com/benchmarkproto…
"We are excited to announce that @Intrinio is now using market-leading decentralized oracle network #Chainlink to make our premium financial market data available across top blockchains"

Chainlink is the most widely used oracle solution by data providers
intrinio.com/blog/intrinio-…
"#Chainlink Labs (@Smart_Contract), the industry-leading oracle solution, has joined the @Hedera Governing Council, which oversees distributed governance of the Hedera network"

The smart contract ecosystem is becoming enterprise ready frens
$HBAR $LINK
hedera.com/blog/chainlink…

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More from @ChainLinkGod

ChainLinkGod.eth 2.0 Profile picture
21 May
1/ "MEV is theft"

I see two approaches being taken to handle the Miner Extractable Value (MEV) problem

The first is democratizing access to MEV while the second is the prevention of MEV

Let's talk about some of the naunces at play here 👇
2/ MEV encapsulates many different types of activity into a broad bucket

There is beneficial / neutral MEV in the form of DEX arbitrage and liquidations

Then there is negative / harmful MEV in the form of front-running and censorship
3/ Neutral / beneficial MEV provides users optimal exchange rates on DEXs and ensures undercollateralized loans get liquidated protecting the DeFi ecosystem

Negative / harmful MEV leads to greater slippage on DEX trades, higher gas fees, and the censorship of transactions
Read 16 tweets
ChainLinkGod.eth 2.0 Profile picture
18 May
Today in #Chainlink 🔗

"By being one of the initial protocols to leverage @chainlink on #Avalanche, @BenqiFinance will decentralize one of the fundamental components within the protocol: the price oracle"

Native support @avalancheavax 🔥

$QI $AVAX $LINK
benqifinance.medium.com/benqi-will-use…
"We are excited to announce that @beyondfinanceio is now using #Chainlink Price Feeds to accurately and securely price all of our platform’s synthetic assets during the minting, swapping, redeeming, and/or liquidation processes"

$BYN $LINK
bfinance.medium.com/beyond-finance…
"In @SergeyNazarov’s view, definitive truth that is “acceptable to both counterparties” is “what’s necessary and sufficient for everything to move forward in a better way” than the current status quo, where a bank gets to unilaterally decide what happens"
chainlinktoday.com/chainlink-co-f…
Read 4 tweets
ChainLinkGod.eth 2.0 Profile picture
17 May
Today in #Chainlink 🔗

"@PundiXLabs is using and supporting newly launched @chainlink Price Feeds for $PUNDIX/USD (live today) to accurately distribute platform rewards denominated in the native PUNDIX token"

Incentivized blockchain governance
medium.com/pundix/pundi-x…
"The @wise_token lending and borrowing smart contract will utilize #Chainlink Price Feeds to determine the real-time value of assets, enabling it to issue fair market loans and secure its liquidation mechanism"

Native price feeds #BSC + #Polkadot
devinmarty.medium.com/wise-token-wil…
"Today, we are super excited to launch @LuchadoresNFT alongside the use of #Chainlink VRF to create #NFT collectables that are truly randomly generated at the time of purchase, with 100% of the art and metadata stored on the #Ethereum blockchain"

medium.com/@LuchadoresNFT…
Read 8 tweets
ChainLinkGod.eth 2.0 Profile picture
16 May
1/ Interesting discussion today with @elonmusk about the differences between #Bitcoin and #Dogecoin in regards to decentralization and the ability to serve as a new digitally-native money for the people

Here are some additional nuances on the subject
2/ As one of the people who helped bootstrap @PayPal to where it is today, I understand Elon's perspective regarding the traditional centralized currencies like $USD in the context of payments

But blockchains are entirely different technology with very different considerations
3/ Blockchains are designed to be inherently decentralized, censorship resistant, and permissionless in order to lower the barrier of entry for financial activity

Centralized finance does not reflect these values due to its centralized, censorable, and permissioned nature
Read 13 tweets
ChainLinkGod.eth 2.0 Profile picture
15 May
"Proof of Stake = rich get richer" is an example of a half-truth

It paints a human societal problem as something that's unique to Proof of Stake (it's not)

Proof of Work has the same exact problem with ASICs, but arguably worse because of economies of scale for energy usage
Yes it's true that PoW miners need to sell a *portion* of their mined coins to stay profitable, but ultimately the profit margins between PoW and PoS will be extremely similar

PoW's higher selling pressure simply means more buyers are needed in order to just keep the price flat
With EIP-1559 burning the base fees of transactions, PoS systems can be deflationary, off-setting this problem by granting *everyone* a higher percentage of the supply over time

Having captial always means you can generate more capital, this is not at all unique to PoS *or* PoW
Read 8 tweets
ChainLinkGod.eth 2.0 Profile picture
15 May
Today in #Chainlink 🔗

"The initial integration involves @FloatProtocol leveraging the widely-used $ETH/USD @Chainlink Price Feed to power our monetary policy and price stabilisation mechanisms"

A volatility-dampened stablecoin with a $FLOAT-ing value 🤔
medium.com/float-protocol…
"@DafiProtocol's algorithmic distribution model secured by #Chainlink’s decentralized data feeds opens up a new type of token distribution mechanism that creates much needed long-term incentives for supporting decentralized networks"

$DAFI $LINK
dafiprotocol.medium.com/dafi-protocol-…
"By integrating #Chainlink VRF, we (@OfficialZeroDEX) ensure that ALL Launchpad participants have a provably fair and unbiased chance at being selected as a winner of various IDO allocations"

Verifiably verified by VRF
$ZERO $LINK
medium.com/@OfficialZeroD…
Read 5 tweets

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