The @bsnbase framework allows Chinese 🇨🇳 and global institutions 🌐 to seamlessly spin up a blockchain node and interface with cross-chain and data-driven #Chainlinked Smart Contracts
TL;DR At launch $ETH will be used at the protocol level for transaction fees and bond from validators, while $LINK will be used at the app level to pay for oracle services such as Price Feeds, verifiable randomness, & L2->L1 messages
2/ An important note: Ethereum (settlement layer), Chainlink (oracles), and Arbitrum (L2 rollup) are entirely complementary technologies, each is an important piece of the puzzle that will allow for the growth of the #DeFi ecosystem at scale
Each component is needed
3/ Starting with Arbitrum's current developer documentation
$ETH will be the medium of exchange that users pay for transactions fees and is the currency staked by validators who post fraud proofs
"@connexun is pleased to announce that it will be making premium news data accessible to blockchain applications called smart contracts by launching its own #Chainlink node"
"@Barn_Bridge is initially sponsoring the $BOND/ETH Price Feed on #Ethereum, while the $BOND/USD Price Feed has launched on @0xPolygon. This represents the first step in a long-term integration with the #Chainlink Network"
"@CryptoOptyn uses #Chainlink to price options contracts and synthetic assets, which is important for minting new positions, swapping contracts/assets, settling contracts at expiry, calculating health factors, and managing the liquidation mechanism"
"We are proud to announce that we’ve updated the Chainlink Market, allowing users to discover and consume services from leading data provider operated @Chainlink nodes"
"The @curio_invest Stablecoin $CSC uses #Chainlink oracle Data Feeds to access a benchmark price on each of the underlying cars backing CTn tokens, ensuring the issuance of fair market loans & full collateralization of CSC"
"@curio_invest is pleased to share that it is now leveraging #Chainlink Oracles live on #Ethereum and eventually #Polkadot to obtain valuations for CTn tokens, starting with price benchmarks for the Ferrari F12tdf and then moving to other collectible cars"
"The combination of @AugurProject, @chainlink, and @0xPolygon offers full stack infrastructure for supporting secure, low-cost betting markets that settle in near real-time and according to premium data sources"
"With #Chainlink integrated, anyone in the world will be able to create their own betting markets on #Augur Turbo for a wide range of different sports events in the NBA, MLB, MMA, and Olympics, with additional support for NFL, college football, soccer, tennis, golf, and e-sports"
"#Chainlink is securely delivering flight data and arrival/landing times from multiple high-quality data sources directly to @OTONOMI3's air cargo insurance smart contracts"