What’s at the Intersection of Crypto and AI? Perhaps Murder
Sui Teams Up With Oracle Stork to Provide Builders With Fast Pricing Data
Stork is an oracle purpose-built for the rigors of ultra-low latency trading.
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?
LINK price pulled off a shocking double-digit rally over the past week, but exactly what is behind the move?
BAND Protocol Prices Stabilize After 40% Plunge: Will These Key Developments Help?
BAND prices remain stable at the time of writing. However, considering recent development within the Band Protocol ecosystem, there could be more upsides as the project unveils new features and strikes strategic partnerships.
Horizen Partnership
Recently, Band Protocol, a platform focusing on cross-chain data oracles, partnered with Horizen, a public blockchain offering a scalable ecosystem for decentralized applications (dapps).
The goal is to provide EON, Horizen’s recently launched EVM-compatible intelligent contracting platform, with access to decentralized oracle services. In this way, decentralized finance (DeFi), gaming, and non-fungible tokens (NFTs) within the EON ecosystem will have real-time pricing information and reliable data via Band Protocol’s middleware solutions.
EON uses Band Protocol’s primary Oracle solution to provide real-time token price feeds across several blockchain networks. Integrating these two platforms ensures the integrity of EON’s data, which will be essential in developing the company’s DeFi, gaming, and NFT ecosystem.
Band Protocol’s ability to gather and integrate real-world data and APIs to intelligent contracts may help EON become less reliant on centralized oracles, which introduce points of failure. This new link allows programmers to enhance and expand the functionality of EON intelligent contracts.
According to Rob Viglione, co-founder, and CEO of Horizon Labs, the relationship with Band Protocol is a broad step forward in the company’s efforts to provide a safe and scalable environment for DApps.
The reliable oracle services provided by Band Protocol allow programmers to design innovative software for DeFi, gaming, and NFTs.
Integrating Band Protocol’s oracle solution, Horizen EON can now provide their intelligent contracts with accurate, real-time price data. Due to this collaboration, new possibilities in DeFi, gaming, and NFT applications will emerge, and the whole blockchain ecosystem will become more robust and decentralized.
Band Protocol Planning For SubDAOs
Moreover, Band Protocol has proposed the implementation of SubDAOs.
According to Shine Sutheeravet, head of operations at Band Protocol, the goal is to address challenges in decentralized autonomous organizations (DAOs).
SubDAOs offer solutions for complexity management, efficient resource allocation, specialized expertise, flexibility, inclusivity, and scalability.
The proposal suggests transforming the Cosmos Group module into councils to establish clear governance structures.
At the moment, Band Protocol is seeking community feedback to refine and optimize this governance framework and drive the growth of the SubDAO ecosystem.
Amid this development, BAND prices are stable at around $1.39, and likely to recover after dropping 40% from February 2023 highs.
Decentralized exchange GMX votes to use Chainlink low-latency oracles
A Chainlink exec said the oracles will improve GMX’s security by providing a more “strong degree of tamper-resistance when settling user trades.”
Blockchains need an interoperable standard to evolve, say crypto execs
Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says.
This oracle data provider platform has surpassed 4 million nodes since inception
The protocol has weathered multiple bear markets and has nearly 250 million data payloads and counting.
Chainlink Verifiable Random Function v2 goes live on mainnet
Chainlink VRF v1 had previously crossed 3 million request transactions from NFT projects and blockchain games.
Blockchain tech firms AllianceBlock and Flare integrate technologies to expand their DeFi ecosystems
The two seek to improve their blockchains with each other’s tech from cross-chain bridges to decentralized exchanges to oracle networks.
MDT introduces blockchain oracle to accelerate DeFi adoption
The integration will allow for open-source development of niche, data-driven smart contracts
Chainlink releases new whitepaper in a shift toward smart contract computations
In its new vision, Chainlink would allow anyone to deploy an arbitrary executable on its network.
Kraken Exchange Brings Its Spot Price Data to DeFi Via New Chainlink Node
Kraken’s connection to the Chainlink network allows the exchange to broadcast its price data for use in blockchain-based apps.
Origin Protocol Loses $3.25M in Latest Flash Loan Attack: Reports
The attacker utilized a flash loan to alter the prices of assets on Origin Dollar, according to Ether Scan.
‘Chainlink Killer’ API3 Closes $3M Funding Round With Placeholder and Pantera
API3, a firm aiming to provide an alternative to oracle service Chainlink, has raised $3 million in a private funding round led by Placeholder.
‘Chainlink Killer’ API3 Closes $3M Funding Round With Placeholder and Pantera
API3, a firm aiming to provide an alternative to oracle service Chainlink, has raised $3 million in a private funding round led by Placeholder.
Flash Loans Aren’t the Problem, Centralized Price Oracles Are
Flash loans attacks have received a lot of press attention. But they’re not DeFi’s biggest vulnerability, says Chainlink’s CMO.
Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi
Razor Network raised $3.7 million in seed funding from NGC Ventures, Alameda Research and Mariano Conti, the former oracles chief at MakerDAO.
Huobi, Dragonfly, Coinbase Invest $500K in New DEX With Alternative Oracle Solutions
CoFix claims to have better token price feeds based on a pricing mechanism derived from a decentralized price oracle and the DEX’s patented risk assessment model.
Oasis Network Announces Chainlink Oracle Integration to Enable Privacy-Focused DeFi Applications
Oasis Network, a privacy-centric data-sharing network, said it will integrate Chainlink’s price feeds into its network.