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9 Jun, 5 tweets, 5 min read
Today in #Chainlink 🔗

"In the following tutorial, we showcase how developers can use @Chainlink oracles today to get high-quality data on-chain regarding residential real estate valuations"

Both @smartzip and @ProspectNow run their own Chainlink node 👀
blog.chain.link/build-a-real-e…
"We’re excited to announce that @devDeFi_BSC — a decentralized aggregate lending & borrowing protocol — has integrated #Chainlink Price Feeds on the #BinanceSmartChain mainnet"

$BNB/USDT
$CAKE/USDT
$BUSD/USDT

$DEV $LINK
devdefi.medium.com/dev-defi-integ…
"We are excited to announce that @0Chain, a high-performance decentralized storage network, will integrate #Chainlink, the industry-leading decentralized oracle network, as core infrastructure for connecting 0Chain to Ethereum & various other blockchains"
medium.com/0chain/0chain-…
"It’s a huge value-add knowing all @aavegotchi's are summoned with #Chainlink VRF. There’s nothing that comes close to Chainlink for ensuring a provably fair gaming experience on-chain"

$14M+ in volume
500,000+ transactions
$14M saved in user gas fees
chain.link/case-studies/a…
"With a ‘simulate off-chain’ then ‘verify on-chain’ strategy, smart contract writers can push costly computation to the #Chainlink Keepers Network and perform validations on a subset during execution, greatly reducing gas costs.”

@ChainlinkToday
chainlinktoday.com/automating-sma…

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More from @ChainLinkGod

ChainLinkGod.eth 2.0 Profile picture
10 Jun
1/ #DeFi yield opportunities for $LINK, a thread

With permissionless, compossible, and decentralized financial infrastructure, anyone can turn their tokens into productive assets

*NOTE* Nothing I describe here is risk-free, bug and hacks can happen, always DYOR before apeing Image
2/ The first yield opportunity is one of the newest on the street, @iearnfinance's V2 $LINK vault

This is a yield aggregation solution that automatically rebalances your funds into the DeFi protocols that earn you the highest yield on your assets, simple!
3/ If you're looking for a passive yield strategy, then this is what you're looking for

Yearn V2 vaults deploy a multi-strategy approach, where deposits are split across multiple yield protocols at the same time so as to not dilute yields once running at large scale
Read 25 tweets
ChainLinkGod.eth 2.0 Profile picture
10 Jun
1/ El Salvador classifying #Bitcoin as legal tender was a monumental moment

It sets the precedence that crypto can indeed be alternative to fiat and normalizes it as a tool of economic freedom

It's good for all crypto, here's how #Chainlink can help expand this even further Image
2/ Under this law, businesses are required to accept #Bitcoin if offered by consumers (and if they have the technical means to accept it)

However, businesses also have the option to automatically convert revieved Bitcoin into US dollars to manage their exposure risk Image
3/ The El Salvador government has created a $150M $USD trust fund that will purchase any #Bitcoin that businesses don't want, allowing for instant redeemability

This process and beyond will require the $BTC/USD exchange rate

You can probably see where I am going with this
Read 11 tweets
ChainLinkGod.eth 2.0 Profile picture
9 Jun
Today in #Chainlink 🔗

"@RequestNetwork has successfully integrated @chainlink, the market leading decentralized oracle network, to enable crypto payment for invoices denominated in fiat like US dollars or Euros"

OGs remember the connection
request.network/en/2021/06/08/…
"Integrating #Chainlink’s industry leading decentralized oracle network, @DFXFinance has access to high-quality, tamper-proof price feeds needed to provide up to date FX prices to enable the most efficient AMM for Forex swapping"

AMM #PoweredByChainlink
medium.com/@dfxfinance/df…
"@curateproject havve sponsored a new #Chainlink Price Feed for $XCUR/ETH to ensure that NFT assets and services offered in the Curate NFT Marketplace can be priced in ETH yet purchased at current exchange rates using our native XCUR token"
curate-xcur.medium.com/curate-integra…
Read 5 tweets
ChainLinkGod.eth 2.0 Profile picture
9 Jun
The president of El Salvador @nayibbukele is on Twitter spaces right talking about the Bitcoin bill that's about to pass

The government is going to create a Bitcoin wallet for merchants (opt-in, can use any wallet)

Accepting Bitcoin is a mandate by law
twitter.com/i/spaces/1ypJd…
Company balance sheets in Bitcoin, USD is only for accounting

Pay bank loans and taxes in Bitcoin, it's retroactive for previous agreements

90 days for the law to go into effect

Every business has to accept Bitcoin, cannot refuse the payment
Immigration law reform to make it easy for entrepreneurs come into the country and build

Government is putting up a trust fund to assume the risks of the merchants who accept Bitcoin

Businesses have to accept Bitcoin as payment but can convert it immediately to fiat
Read 28 tweets
ChainLinkGod.eth 2.0 Profile picture
8 Jun
1/ #Chainlink Keepers open beta is now live on the Ethereum mainnet!

Chainlink is truly becoming the one stop shop for any and all decentralized services required to enable hybrid smart contracts

Data
RNG
Compute
Keepers

Let's dive in 👇
blog.chain.link/chainlink-keep…
2/ Keepers are essentially transaction automation bots for blockchain networks

They are crucial because smart contracts are not actually autonomous

The state of a contract can only change when it gets "poked/woken up" by an on-chain transaction or cross-contract interaction
3/ Chainlink Keepers (keeper.chain.link) is decentralized transaction automation service (starting with support for Ethereum but expanding beyond) that is far more reliable and cost-efficient than existing solutions

It is a new Chainlink Network decentralized service
Read 20 tweets
ChainLinkGod.eth 2.0 Profile picture
27 May
1/ Some clarity on #Chainlink and @arbitrum

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

developer.offchainlabs.com/docs/inside_ar…
Read 23 tweets

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