8. Enabling PYUSD to be adopted across DeFi through tamper-proof market data:
9. Helping to secure the minting function of @Poundtoken:
10. Helping to power staking rewards distribution for @PropyKeys:
11. Increasing reserves transparency for @StablREuro:
12. Helping to secure the minting of @tusdio:
In addition to the growing adoption of Chainlink’s essential infrastructure for tokenized assets, Chainlink has been highlighted as the most active RWA-related protocol based on the number of GitHub commits in the last 30 days:
Payment Abstraction is a cross-chain-enabled payment system that reduces payment friction in the Chainlink Network.
It allows users to pay for Chainlink services with the assets they already have (e.g., gas tokens), which are automatically converted to LINK via @Uniswap.
Payment Abstraction has been connected to Chainlink SVR—a novel MEV recapture solution recently launched on mainnet, with @aave as the first user.
Chainlink Smart Value Recapture (SVR) is a novel oracle solution that enables DeFi apps to recapture the non-toxic MEV derived from their use of Chainlink Price Feeds.
SVR was built in collaboration with @bgdlabs, Flashbots, & @aave DAO contributors.
We're excited to announce the results of an industry-wide corporate actions initiative between Chainlink, Euroclear, Swift, & 6 financial institutions.
We successfully demonstrated how AI, oracles & blockchains can solve a decades-long unstructured data challenge in finance🧵⬇️
Read the full report below, which covers the solution design, key outcomes, participant insights, and the next phase of the initiative: pages.chain.link/hubfs/e/transf…
The Challenges With Corporate Actions Today
Corporate actions events (e.g., dividends, stock splits, tender offers, mergers and acquisitions, etc.) present one of the most complex unstructured data problems in the financial world.
Today’s inefficient corporate action processes cost regional investor, broker, and custodian businesses approximately $3-5 million each annually, with 75% of firms re-validating custodian and exchange data manually.
Initially presented in human-readable formats like PDFs and press releases, corporate actions data undergoes a complex journey through custodians, brokers, fund managers, exchanges, and ultimately investors.
Key challenges include:
• No standard method for announcing events
• Extensive manual data cleaning efforts
• Lack of standardized data
• Fragmented ecosystem
• No single source of truth
1/ #Chainlink Data Streams is now live on @avax with @GMX_IO V2.
How Data Streams levels up GMX’s DeFi perps with high-throughput market data and automated execution 🧵 prnewswire.com/news-releases/…
2/ Data Streams offers next-gen speed while utilizing Chainlink’s credibly neutral oracle infrastructure.
The low-latency oracle solution enables GMX to deliver a seamless UX by providing unprecedented onchain execution speed and security. gmxio.substack.com/p/gmx-v2-is-no…
3/ Data Streams involves two main components:
1. Low-latency oracles serving an offchain stream of high-fidelity market data at a sub-second frequency.
2. Automation infrastructure that monitors for transactions, retrieves offchain data, & bundles them with settlement orders.
We’re excited to share the results of a new Smart NAV industry pilot between @The_DTCC, Chainlink, and 10 of the world’s largest financial institutions that delivered key mutual fund data onchain.
Processing $2+ quadrillion annually, The Depository Trust and Clearing Corporation (DTCC) is the premier post-trade market infrastructure that provides clearing, settlement, asset servicing, data management, & trade reporting around millions of security transactions each day.
The pilot demonstrated how DTCC and Chainlink can make net asset value (NAV) data available across virtually any private/public blockchain.
This enables automated data dissemination and historical data access, which unlocks a multitude of use cases around fund tokenization.