Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
TRON DAO adopts Chainlink Data Feeds to strengthen DeFi security, accelerate TRON's growth

TRON DAO adopts Chainlink Data Feeds to strengthen DeFi security, accelerate TRON's growth

CryptobriefingCryptobriefing2024/11/01 00:33
By:Cryptobriefing

Key Takeaways

  • TRON DAO chooses Chainlink Data Feeds as its official oracle solution, replacing WINkLink.
  • The integration will enhance data security for TRON's DeFi applications and support ecosystem growth.

TRON blockchain is set to integrate Chainlink Data Feeds as its official oracle solution, bringing $6.5 billion in decentralized finance total value locked under Chainlink’s security infrastructure, said Justin Sun at the SmartCon 2024 conference this week.

The integration comes as TRON DAO joins the Chainlink Scale program to enhance data security for its DeFi applications. As part of the strategic collaboration, the TRON blockchain will discontinue its use of oracle solution WINkLink.

TRON’s largest DeFi applications, including JustLend and JustStable, will access price data through Chainlink’s decentralized network of independent node operators. These platforms represent over $6.5 billion in total value locked.

As part of the Chainlink Scale program, TRON will initially cover operating costs, including transaction gas fees, for Chainlink oracle networks until the ecosystem matures enough for dApp user fees to sustain these costs.

Discussing the partnership, Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, believes it will enable TRON developers to build more sophisticated and innovative DeFi applications.

“We’re thrilled that TRON has joined the Chainlink Scale program and is adopting Chainlink Data Feeds to further secure the foundation of the TRON DeFi economy,” said Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs. “By delivering highly reliable, accurate, and decentralized market data onchain, Chainlink will further empower TRON ecosystem developers to build next-gen DeFi applications and advance the decentralized internet.”

Sam Elfarra, the Community Spokesperson at TRON DAO, emphasized TRON’s goal to accelerate the growth of its DeFi ecosystem through the collaboration, aiming to provide developers with access to a robust and reliable oracle solution.

“We joined the Chainlink Scale program to accelerate TRON’s DeFi economy by offering developers access to the industry-leading data oracle solution. Chainlink’s unmatched security and reliability made it the clear choice as TRON’s official oracle provider. This integration enables us to focus on scaling our ecosystem and further driving mass adoption in the blockchain industry,” Elfarra said.

Chainlink has facilitated over $16 trillion in transaction value and delivered more than 15 billion verified messages across the blockchain ecosystem. Its Data Feeds currently secure tens of billions in TVL for hundreds of DeFi protocols, the company stated.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!