The programmable open finance Layer-1 blockchain Pharos Network has announced that it will officially adopt Chainlink standards from the launch of its mainnet.
Pharos has chosen Chainlink CCIP as its standard cross-chain infrastructure to achieve the industry’s most secure and reliable cross-chain value transfer and messaging. In addition, Pharos has adopted Chainlink Data Streams technology to support the creation of high-performance RWA markets and provide ultra-fast, more accurate price data. With the support of Chainlink’s core tokenization infrastructure, the scale of enterprise-grade tokenized RWA in the Pharos ecosystem is expected to further expand.
Pharos was founded by former leaders of the AntChain and Ant Financial blockchain teams. Its unique advantage lies in its ability to provide enterprise-grade solutions for institutions exploring green finance, digital payments, and new forms of programmable ownership and asset tokenization. Pharos will enable institutional-grade RWA to reach a broad base of individual investors, further promoting RWA adoption and bringing new users to DeFi.
To better empower the market and connect multi-chain ecosystems, Pharos requires highly accurate, low-latency on-chain market data, as well as infrastructure for securely transmitting information and value across different blockchain ecosystems. This makes Chainlink Data Streams and Chainlink CCIP further key infrastructure for Pharos.
Empowering the tokenized RWA market with Chainlink Data Streams will bring a series of advantages to the Pharos ecosystem:
- Sub-second price latency: Leveraging a proven oracle infrastructure, sub-second data transmission delivers a high-performance trading experience without sacrificing the core values of decentralization and transparency, resulting in an outstanding user experience.
- High data accuracy: Data Streams provide reliable, low-latency, high-precision pricing data based on benchmark exchanges, enhancing user confidence and improving protocol performance.
- End-to-end customization: Chainlink Data Streams support flexible pattern configuration through custom channel reporting, allowing teams to tailor the structure of market data reports to specific protocol needs.
- Front-running and exploit protection: Low-latency updates and the "commit-and-reveal" architecture mitigate front-running issues through sub-second data transmission, protecting transaction privacy before execution.
Choosing CCIP as the official cross-chain infrastructure will also bring a series of advantages to Pharos:
- Defense-in-depth security: The consensus layer of CCIP is powered by Chainlink’s decentralized oracle networks (DONs). Multiple DONs participate in verifying each CCIP transfer, with each DON operated by a group of high-quality oracle node operators to ensure security.
- Secure cross-chain token transfers: CCIP simplifies cross-chain token transfers through the Cross-Chain Token (CCT) standard, enabling both new and existing tokens to gain cross-chain transfer capabilities within minutes, without vendor lock-in for token issuers.
- Future-proof network effects: CCIP powers the ever-growing interconnected blockchain network and supports permissionless access for new tokens.
Regarding the deep collaboration with Chainlink, Johann Eid, Chief Business Officer of Chainlink Labs, stated:
Pharos’ adoption of Chainlink CCIP as its cross-chain infrastructure and Chainlink Data Streams for low-latency market data is a major step toward enabling secure, high-performance, cross-chain applications. By adopting Chainlink’s interoperability standards, Pharos enables builders to launch institutional-scale tokenized real-world asset applications powered by Chainlink infrastructure, which has already secured on-chain transaction value in the tens of trillions of dollars.
Wish Wu, CEO and Co-founder of Pharos, stated:
Chainlink standards are the key tokenization infrastructure for Pharos. By adopting CCIP as our cross-chain standard and Data Streams for low-latency price data, we are enabling builders and institutions to launch tokenized asset solutions that meet enterprise-grade performance and security requirements from day one.
About Pharos Network
Pharos Network is a new generation financial Layer 1 that connects real-world assets (RWA), traditional finance (TradFi), and cross-chain liquidity into a programmable network. Pharos provides ultra-fast execution and neutrality for real-world application scenarios, covering asset tokenization, high-throughput DeFi, and enterprise-grade finance. The project is backed by leading global investment institutions such as Hack VC and Faction VC.
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About Chainlink
Chainlink is the industry-standard oracle platform designed to bring capital markets on-chain and power the vast majority of decentralized finance (DeFi). The Chainlink technology stack provides key standards for data, interoperability, compliance, and privacy, supporting advanced blockchain use cases such as institutional-grade tokenized assets, lending, payments, and stablecoins. Since launching its decentralized oracle network, Chainlink has enabled transaction value in the tens of trillions of dollars and now secures the vast majority of DeFi.
Many of the world’s top financial services institutions have also adopted Chainlink’s standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, as well as top protocols such as Aave, GMX, and Lido. Chainlink has adopted a new fee model: on-chain and off-chain revenue from enterprise adoption will be converted to LINK tokens and deposited into the strategic Chainlink reserves.
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