Justin Sun proposes to buy Credit Suisse
Dominant smart contract oracle network Chainlink partnered with DeFi protocols on Ethereum and Avalanche, an NFT collection based on a Netflix series and a new chain exchange.
DeFi Derivatives, NFTs, Avalanche Rewards, Cross-Chain Swaps
Bull, bear or crab market, Chainlink continues to build relationships throughout the Web3 space. This week, crypto’s dominant smart contract oracle network announced partnerships with a Decentralized Finance (DeFi) derivative protocol on Ethereum, an NFT collection based on a Netflix series, a DeFi platform on Avalanche, and a cross-chain token exchange.
In this week’s recap:
Lekker joins BYGG
Lekker Finnace has joined the Chainlink BUILD program to accelerate the adoption of the upcoming leveraged trading platform on Ethereum.
“We are excited to join Chainlink BUILD, which will help adopt our leveraged trading protocol. Chainlink services are critical to building a DeFi protocol, and we look forward to continued collaboration with the Chainlink ecosystem,” said Lekker co-founder Peter Prado “Ultimately, we aim to develop a protocol that makes it easy to access leverage in DeFi. In addition, our products are composable, which makes them ideal tools for risk management.”
Lekker enables users to take leveraged positions using liquidity from other DeFi protocols, creating “a new type of DeFi derivative,” according to the website.
As part of BUILD, Lekker will get access to new Chainlink product alpha and beta releases, dedicated technical support from the Chainlink ecosystem, and more.
In return, Lekker has committed 4% of its total token supply to Chainlink service providers, including stakers.
Gunther’s Rich Dog NFT Collection
Gunther’s Rich Dog Non-Fungible Token (NFT) collection integrates Chainlink VRF to support the launch of the Ethereum collection based on the Netflix series Gunther’s Millions.
“The Richest Dog in the World’s Collection gives fans and collectors the opportunity to access exclusive experiences worldwide with the cast and crew behind the show, from the AMAs to a weekend on Gunther’s yacht in Italy,” Chainlink tweeted.
The Gunther’s Rich Dog NFTs are assigned one of four rarity levels to unlock rewards. Chainlink VRF helps ensure that each rarity level is randomly assigned and that the NFTs are provably rare.
BiggerMINDS integrates automation
DeFi platform BiggerMINDS has integrated Chainlink Automation on the Avalanche network, to help update and distribute dynamic rewards to users.
“We are excited to use the industry-leading oracle network. Chainlink Automation is essential to help create a consistent, reliable and scalable reward mechanism,” said BiggerMINDS Founder and CEO Joma.
The BiggerMINDS platform includes a utility token, NFTs and NFT marketplace. Dynamic rewards are calculated daily based on the performance of MIND+. Automation helps perform the daily reward calculation and trigger the distribution mechanism.
Cross chain exchange
PLEXUS cross-chain decentralized Exchange (DEX) has integrated Chainlink Price Feeds to support exchanges across networks including Ethereum, BNB Chain, Polygon, Fantom and others planned in the near future.
“By integrating, PLEXUS has access to high-quality, tamper-proof price feeds necessary to stabilize price impact calculations in the PLEXUS cross-chain exchange,” PLEXUS tweeted.
Last four weekly Chainlink Roundups:
- March 12: LendeXe, Planet IX, Sneaky Vampire Syndicate
- March 5: Base, Functions, Connect, 0xCord
- February 26: StarkNet, TrueUSD, Radiant, ETHDenver
- February 19: LUXON, Zeta Markets, SmartCon 2023
What is Chainlink:
Chainlink is the industry standard for building, accessing and selling oracle services necessary to run hybrid smart contracts on any blockchain. Chainlink oracle network provides smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations to enable feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming and other major industries and offers global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
Website | Twitter | Documents | Society