Sunday, November 14, 2021

Weekly Wrap: This Week In Chainlink November 8 - November 14, 2021

Chainlink News and Announcements

As the oracle network standard, Chainlink now secures top protocols across leading blockchains, powering DeFi and providing the most proven infrastructure for linking decentralized systems to cryptographic truth.

Balaji Srinivasan is now an advisor helping build Chainlink.

@AP’s recent Chainlink node launch was a key milestone in realizing @balajis’ vision of cryptoinformation. His work on the ledger of record will help further Chainlink as the global standard for cryptographic truth.

Chainlink saw unprecedented adoption in Q3 of this year.

With over 250 new projects now Powered By Chainlink—from top dApps to data providers, node operators, and enterprises—the blockchain ecosystem is realizing the power of oracles for unlocking smart contract innovation.

A Final Reminder: There are less than 3 weeks left until the project submission deadline! Whether you want to learn the basics of blockchain coding or you have your eyes on the $550k+ prize pool, sign up below to participate in the hackathon.

Chainlink Grants

We're excited to award Shamba with a grant to bring its geospatial data on-chain for social impact projects.

Here's how Shamba's datasets will enable developers to build green DeFi services & insurance products around fire hazards, crop yields, and more.

Integrations

New chain integration.

@zksync is integrating Chainlink Price Feeds into their layer-2 zkRollup network, enabling the creation of externally-connected and hyper-scalable Solidity-based smart contracts.

Blockchain developers need access to robust price feeds to securely build on top of AMM LPs.

@Saber_HQ now supports Chainlink Price Feeds, enabling @Solana developers to build yield farms, lending platforms, and more with Saber's AMM LPs.

Oracles are the key to bringing off-chain market data to smart contracts to power new on-chain products.

Learn how @nasdex_xyz is using Chainlink oracles on @0xPolygon to accurately price collateral and further decentralize its platform architecture.

Chainlink-powered DeFi is coming to Solana.

@MarinadeFinance is sponsoring the mSOL/USD Chainlink Price Feed to provide secure data around their yield-generating, staked version of SOL so users can earn rewards while interacting with DeFi apps.

As a blockchain-agnostic oracle network, Chainlink powers dApps across top chains, as well as multi-chain DeFi protocols.

See how @xDollarFi is securing its stablecoin lending protocol with Chainlink oracles across Polygon, Avalanche, and Arbitrum.

As the NFT space grows, so does the need for scalable NFT management.

That's why Chainlink Labs is supporting @PalmNft Studio on the integration of multiple Chainlink services, helping to enable a multi-chain NFT abstraction layer for enterprises.

The collateral backing mirrored assets needs to be referenced against precise price data to help ensure lender solvency and protect against faulty liquidations.

See how @Synthetify is integrating Chainlink Price Feeds to secure its platform on Solana.

Chainlink natively supports dApps across numerous blockchains.

When @Jarvis_Network expanded from Ethereum to @0xPolygon, Chainlink Price Feeds were there to enable no slippage jFIAT stablecoin swaps in Jarvis Network's new on-chain liquidity router.

Innovative elastic finance protocols are adopting Chainlink oracles to power algorithmic stablecoins and boost stability for users.

Here's how @VufiFinance is using Chainlink Price Feeds to track price elasticity for its asset-backed stablecoin VuFi.

Without oracles, blockchain gaming platform @PhantasiaSports can’t access the real-world price & sports data it needs to offer users accurate exchange rates and unique NFTs.

With Chainlink Data Feeds on @solana, Phantasia is securely bridging the gap.

Secure price oracles are crucial for DeFi lending, which is why @TeddyCashLive is now Powered by Chainlink.

Thanks to the integration of Chainlink Price Feeds, collateral, redemptions, & liquidations on Teddy Cash are now supported by reliable price data.

Pegged tokens require a reliable and frequently updated source of pricing to keep their value accurate.

Learn how yield-farming optimizer @MaximusFarm is using Chainlink Price Feeds to help keep the value of its token proportional to the price of AVAX.

Chainlink-powered NFTs are taking off on @Solana.

With Chainlink Price Feeds, @SolanaSneakers is helping users securely purchase limited-edition sneaker NFTs that are redeemable for their real-world equivalents.

Chainlink oracle networks are critical infrastructure for DeFi lending protocols like @HundredFinance.

See how Chainlink provides Hundred Finance with accurate price data for calculating liquidation and collateral metrics to help protect end users.

For DeFi lending, borrowers need to know that their on-chain loans are collateralized at fair-market rates.

This is why Solana-based lending solution @seedednetwork is adopting Chainlink Price Feeds to secure its platform.

Secure decentralized infrastructure is key to giving users full control of their assets.

@unstoppablebyhs uses Chainlink Price Feeds to supply its DeFi-enabled wallet with reliable price data that helps determine the prices of top crypto assets in fiat currencies.

Ever wanted to use the kimchi premium in a DeFi tool?

@wavebridgelabs is launching an official Chainlink node to bring its market indices onto leading blockchains, including Bitcoin and crypto asset market indices and the Kimchi Premium Index.

VRF Integrations

For blockchain games, security & transparency for all gameplay aspects—especially randomness—is a must.

That’s why playtoearn game @HeroFiio uses Chainlink VRF to access verifiable randomness that’s auditable by any user.

@nfraction_com NFT raffles and airdrops are now Powered By Chainlink.

NFracTion uses Chainlink VRF to randomly select winners, giving users the ability to independently audit the results of any luck-based blockchain game.

For its Avengers-themed play-to-earn game The Baby Vengers, @MaticVerse needs a fair source of randomness that any player can verify.

See why the MaticVerse team chose Chainlink VRF to help secure their BSC-based battle system.

https://docs.chain.link/docs/advanced-tutorial/

Blockchain-based lucky draws need a provably secure source of randomness to provide a fair gaming experience.

@Gummy_Bull uses Chainlink VRF to help ensure all winners are chosen in a verifiably fair, tamper-proof manner.

NFTs unlock new economic models that empower both creators & fans.

See how @CreativeCrtv is leveraging the secure oracle computation of Chainlink VRF to distribute collaborative NFTs to fans in a way that's transparent and provably fair.

What’s New for Developers πŸ› 

NFTs and blockchain-based games need a verifiable source of on-chain randomness to generate unique attributes and dynamic gameplay.

Dive into the Chainlink VRF developer docs below to learn how to get a secure random number in your smart contract app.

Fetching price data on-chain is a foundational skill for any aspiring DeFi developer.

In this walkthrough, learn how to easily access crypto prices in Solidity with Chainlink Price Feeds so you can build DeFi apps based on hyper-reliable market data.

Creating and maintaining your own off-chain scripts for on-chain DevOps tasks is tedious and vulnerable to downtime.

Explore how Chainlink Keepers can help you reliably automate your smart contracts in a decentralized manner so you can ship code faster.

DeFi applications are only as secure as their data inputs.

Integrate the decentralized ALPHA/USD Chainlink Price Feed on @avalancheavax for high-quality market data around @AlphaFinanceLab’s native token

The decentralization of oracle networks is critical for maintaining data accuracy and tamper resistance at all times.

Integrate the RAI/USD Chainlink Price Feed on Ethereum for tamper-proof DeFi markets around @reflexerfinance’s non-pegged stablecoin.

As the Total Value Locked (TVL) in DeFi continues to surge, security is more important than ever. In this roundup of developer pro tips from Chainlink & @certik_io, learn how to avoid common exploits so you can harden the security of your DeFi protocol & keep user funds safe.

Featured Videos & Educational Pieces πŸŽ₯

  • What Is the Metaverse?
    • The metaverse is coming. Here's how blockchains, NFTs, and Chainlink oracles play into it

  • QDT on Chainlink Data Feeds | Using Chainlink to Serve AI Crypto Market Analytics
    • Join us on Chainlink Live Data Feeds for a video Q&A with QDT. We cover QDT’s premium AI analytics for crypto market data, and why they made QDT data available to developers via Chainlink. The QDT Chainlink node allows AI and predictive analytics data to be sent directly onto leading blockchains. This enables developers to call the QDT Chainlink node to get daily BTC price predictions that have been generated through specialized AI and ML deep learning algorithms.

  • Chainlink at NFT NYC 2021: NFTs and Community Building
    • NFT NYC 2021 featured blockchain gaming, NFT art, and core smart contract infrastructure. The Chainlink NFT NYC 2021 Event showcased a variety of projects using Chainlink oracles and their views on community-building and NFTs. Chainlink Labs' Andy Boyan hosted a panel discussion at NFT NYC featuring influencer Krystall Schott, EtherCards' Adam Bauer, and Untamed Elephants' Adam Ghahramani to discuss emerging NFT use cases that empower charities, influencers, creators, and more.

Ecosystem & Community Celebrations πŸ‘

Upcoming Events πŸ“…

Are you interested in hosting your own meetup? Apply to become a Chainlink Community Advocate today: https://events.chain.link/advocate

Chainlink’s Community Grant Program empowers our ecosystem to create valuable resources that help accelerate the adoption of Chainlink-powered smart contracts. Apply for a grant today.

Are there other community content and celebrations that we missed? Post them in the comments below! ⤵️


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