DeFi
Chainlink Data Feeds Go Live on Starknet
Key points to remember
- Chainlink data feeds are now available on StarkNet, enhancing the platform’s DeFi capabilities.
- The integration supports cost-effective development with reliable data streams for StarkNet developers.
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Oracle network Chainlink has launched its data feeds, a secure and reliable data source, on the Starknet mainnet, the company said in a statement Thursday. Press releaseThe deployment aims to enable Starknet developers to build secure and scalable DeFi applications.
“We are excited to support the StarkNet ecosystem with native integration of Chainlink Data Feeds, enabling developers to build highly secure and scalable DeFi applications,” said Johann Eid, Chief Commercial Officer of Chainlink Labs.
Chainlink Data Feeds provide secure, decentralized, and high-quality real-world data to power a wide range of smart contract applications across different blockchain networks. With this service, builders can read the latest data both on-chain and off-chain using various programming languages and Web3 libraries.
“With hyper-reliable, accurate, and decentralized market data natively accessible on-chain, developers can build next-generation applications on Starknet,” Eid added.
The latest development follows the integration of Chainlink data feeds on the Starknet testnet as part of Partnership between StarkWare and Chainlink Labs under the Chainlink SCALE program. The Chainlink SCALE program helps reduce operational costs of Chainlink oracle nodes.
The goal of the strategic collaboration is to accelerate the growth and adoption of the StarkNet ecosystem by providing developers with secure, reliable, and cost-effective access to real-world data and off-chain computation via Chainlink’s decentralized oracle network.
Diego Oliva, CEO of the StarkNet Foundation, believes the integration will provide Starknet developers with highly secure, reliable and accurate data.
“Providing StarkNet developers with highly secure, reliable and accurate data will unlock a multitude of advanced DeFi use cases and drive adoption of the StarkNet ecosystem,” Oliva said.
Chainlink recently partnered with Sygnum and Fidelity International to integrate net asset value (NAV) data on-chain. This collaboration allows Sygnum to tokenize and provide on-chain access to the NAV data of Fidelity International’s $6.9 billion institutional liquidity fund.
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