We’re excited to announce Chainlink Payment Abstraction is officially live on mainnet, enabling user fees to be converted into LINK.
Network fees generated from Chainlink SVR—including @aave's usage of SVR—will now be converted to LINK.
🧵👇 blog.chain.link/payment-abstra…
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.
Mar 28 • 7 tweets • 3 min read
.@aave has officially integrated Chainlink SVR in a near-unanimous vote to recapture liquidation MEV, starting with an initial set of markets.
As the largest DeFi lending protocol, Aave is establishing a new standard in cryptoeconomics with SVR.
🧵⬇️ prnewswire.com/news-releases/…
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.
Introducing Chainlink Smart Value Recapture (SVR)—a novel non-toxic MEV recapture solution for users of Chainlink Price Feeds.
The initial version was created in collaboration with @bgdlabs, Flashbots, and other contributors to the @aave DAO.
🧵👇 blog.chain.link/chainlink-smar…
Researchers in the Chainlink community have a long history of MEV research, including Fair Sequencing Services (FSS) & Protected Order Flow (PROF).
They've also examined how DeFi protocols can recapture the oracle-related MEV generated from their usage.
Oct 21, 2024 • 5 tweets • 4 min read
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…
Jun 27, 2024 • 6 tweets • 3 min read
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…
May 16, 2024 • 5 tweets • 2 min read
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.
Full report:
The significance for fund tokenization 🧵 dtcc.com/dtcc-connectio…
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.
Feb 21, 2024 • 4 tweets • 2 min read
Ready for @DeveloperWeek?
Here's what #Chainlink is up to at the world's largest developer and engineering conference 🧵👇
🎙️ Talks
Join Chainlink Labs Developer Advocate Richard Gottleber on February 22 at 9:30AM PT for a skeptic's introduction to building on the blockchain: developerweek2024.sched.com/event/1aDVe
Nov 22, 2023 • 5 tweets • 2 min read
1/ Cross-chain security isn't a nice-to-have—it's a necessity for all chains and protocols that want to keep their user funds secure.
How CCIP achieves the highest level of security 🧵
2/ CCIP features multiple layers of decentralization and an independent Risk Management Network for verifying transactions, making it the only cross-chain interoperability protocol that reaches the highest level of cross-chain security. blog.chain.link/five-levels-cr…
Sep 28, 2023 • 6 tweets • 3 min read
NEW INDUSTRY REPORT
This new case study showcases how ANZ Bank (@ANZ_AU)—one the world’s largest banks with $1+ trillion in total assets under management—successfully demonstrated cross-chain tokenized asset settlement with #Chainlink CCIP.
🧵⬇️ chain.link/resources/cros…
Using the ANZ Digital Asset Services (DAS) portal along with CCIP as an abstraction layer, the case study demonstrated how ANZ customers could use CCIP to securely transfer ANZ-issued stablecoins cross-chain to purchase nature-based assets.
Dec 15, 2022 • 5 tweets • 4 min read
#Chainlink is pushing the boundaries of what's possible with NFTs, one oracle service at a time.
A thread on NFT innovation 🧵
When you think of #NFTs, you're probably envisioning something like a #CryptoPunk—a unique, 1-of-1 token with an image attached to its metadata that never changes.
This static format represents most NFTs today. But what else is possible with NFTs?
Nov 23, 2022 • 8 tweets • 3 min read
1/ What’s the real difference between Web2 and Web3?
Cryptographic truth.
🧵👇 2/ Web2 runs on centralized servers that leave you vulnerable.
You have to trust medical companies not to leak your personal details, online stores to protect your credit card info, and social media companies not to censor you.
Nov 15, 2022 • 12 tweets • 14 min read
1/ With the collapse of a once trusted exchange, an unprecedented number of users are migrating to self-custodial wallets.
However, risk still exists in #DeFi with entities like exchanges minting wrapped tokens.
#Chainlink Proof of Reserve is critical for reducing this risk.
2/ Powered by oracles, Chainlink Proof of Reserve enables the reliable and timely monitoring of reserve assets backing wrapped tokens within the DeFi space.
Thousands of attendees gathered together at #SmartCon 2022 for two jam-packed days of keynotes, presentations, networking, satellite events, and afterparties.
Here's what it was like to be on the ground in #NYC. 2/ The conference took place at The Market Line—an expansive, three-floor space perfect for everything from in-depth technical discussions to making new friends.
May 8, 2022 • 6 tweets • 6 min read
#Web3 builders across the world are coming together to learn about #Chainlink and the benefits of cryptographic truth.
1/ Cryptographic truth is a new form of trust-minimized computing that fundamentally shifts the nature of trust in society—replacing handshakes, brand reputation, and paper contracts with tamper-proof computer code executed on decentralized networks. 2/ Trust-minimization involves methods that limit participants in an interaction from stating false info, stealing from others, going offline, or breaking agreed-upon rules.
When probabilistic variables are reduced, the interaction is more likely to function exactly as designed.
Apr 8, 2022 • 4 tweets • 3 min read
#Chainlink is moving society from weak paper promises to tamper-proof agreements built on a strong foundation of cryptographic truth.
-Securing NFT mints and generating randomized traits with VRF
-Monitoring the backing of tokenized products with Proof of Reserve
-Accessing accurate data with Price Feeds
🧵👇
Helping secure NFT mints and generate randomized NFT traits with @0xPandemic on @0xPolygon
1/ Cryptographic truth is a new form of trust-minimized computing & record-keeping with superior properties to the methods used today.
This 15-part 🧵 explores how blockchains generate cryptographic truth and how #Chainlink vastly extends its application into the real world.
2/ Cryptographic truth is the combination of cryptography and decentralized consensus to deterministically compute applications and generate a “golden record” for all activity between users.
But how exactly are cryptography and decentralized consensus applied in blockchains?
Mar 22, 2022 • 5 tweets • 5 min read
#Chainlink trust-minimized services are integral to innovative #DeFi, gaming, and #NFT projects across the #multichain ecosystem.
Explore these #Chainlink deep dives to learn the core principles of DeFi and how it's reshaping the financial tech stack through transparent decentralized applications🧵👇
2/ Learn what decentralized finance is and how it presents a new, permissionless model for financial interaction. chain.link/education/defi