Floki, Iron Bank, Zeus Finance and Kyber
Chainlink hits $23 billion in total value secured in a hectic week of exciting integrations.
A multi-channel expedition
Chain link continues its mission to integrate new protocols into the blockchain universe. The industry-standard, chain-independent oracle network has extended its services to Arbitration, avalanche, BNB Channel, Ethereum, Optimismand Polygon.
In this week’s summary:
Strengthening Floki’s Meme Culture
Floki integrated Chainlink Keepers and Price Feeds to help power FlokiFi Locker.
Floki uses Chainlink Keepers to automate the token locking process and Price Feeds to display token locking prices. The locker allows users to lock and acquire LP tokens, fungible tokens and NFTs for up to 420 years.
“As an innovative DeFi protocol that prioritizes security, decentralization, and transparency, the industry-leading Chainlink is the default oracle network we envisioned. We are excited to use Chainlink Keepers to help automate our token locking process, and Chainlink Price Feeds to help display accurate token prices,” said BMain contributor at Floki.
Discover our complete article by Nick S regarding integration.
Three birds, one stone
Zeus Finance has integrated Chainlink Keepers, Price Feeds and VRF to power its decentralized finance suite.
- Keepers automates the distribution of rewards within the staking suite,
- Price feeds help convert prices for accurate fee estimates, and
- VRF supports random airdrops of the ZEUS token.
“Chainlink was the obvious choice for us. Chainlink’s minified services are the industry standard for DeFi and help make our platform as robust as possible,” said Frank, CEO of Zeus Finance. “Chainlink Price Feeds, Chainlink Keepers, and Chainlink VRF all work in tandem to provide our users with a consistent and seamless experience.”
The DeFi suite also plans to use Chainlink to support other upcoming features, such as link reward automation and airdrop randomization of a Greek mythology-centric NFT collection.
Integrate a liquidity hub
KyberSwap has integrated Chainlink Price Feeds to facilitate its DeFi and DAO operations.
Kyber Network has integrated price feeds on Arbitrum, Avalanche, BNB Chain, Ethereum, Optimism, and Polygon. This will help ensure that KyberSwap rewards are reliably distributed to KyberDAO members.
“Chainlink Price Feeds supports the DeFi economy with highly secure, trusted, and decentralized market data, including on KyberDAO, where they facilitate our reward distribution. We are excited to continue using Chainlink to support developers, merchants, and liquidity providers in the multi-chain DeFi ecosystem,” said Victor TranCEO of Kyber Network.
Here is how KyberSwap integrates Chainlink Price Feeds:
- Chainlink provides KNC price data to DeFi lending platforms. This allows lending platforms like QiDAO, Benqiand Aave sustain $KNC as a type of collateral.
- KyberDAO uses KNC/USD and KNC/ETH price feeds.
- Kyber runs a Chainlink node to help secure its oracle network.
Iron Bank has integrated Chainlink Price Feeds on Optimism.
The decentralized lending platform recently launched on Optimism, a low-cost Ethereum layer 2 blockchain. This integration will help ensure that user collateralization ratios are based on accurate and tamper-proof market data.
“To ensure accurate pricing, we use Chainlink Price Feeds. As one of the largest and best-known market data solution providers in the industry, they have helped secure tens of billions of dollars in value for major DeFi protocols across multiple chains,” said said the Iron Bank team on their Blog.
Check out BSC News’ weekly roundup to keep up to date with the latest from the smart contract powerhouse.
Four latest editions:
What is chain link:
Chainlink is the industry standard for creating, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations to enable feature-rich applications. Chainlink currently secures tens of billions of dollars in DeFi, insurance, gaming and other major industries and provides global enterprises and major data providers with a universal gateway to all blockchains.
Where to find Chainlink:
Website | Twitter | Documents | Community
What is Floki:
Floki is the people’s cryptocurrency and a project that aims to disrupt the crypto industry by providing solid utility while leveraging the power of memes to ensure mainstream appeal and adoption.
Where to find Floki:
Website | Twitter
What is Zeus Finance:
Zeus Finance is a decentralized finance suite built on the Avalanche Network. Its main goal is to provide a DeFi-as-a-Service (DaaS) protocol to the community and then grow into a platform that provides a safe place to store capital.
Where to find Zeus Finance:
Website | Twitter
What is the Kyber Network:
Kyber Network is building a world where any token is usable anywhere. KyberSwapthe aggregator and flagship liquidity platform of Decentralized Exchange (DEX), intends to provide the best rates for DeFi traders and maximize returns for liquidity providers.
Where to find the Kyber Network:
Website | Twitter
What is Iron Bank:
Iron Bank is a decentralized lending platform focused on capital efficiency, enabling protocols and individuals to provide and borrow crypto-assets.
Where to find the Iron Bank:
Website | Twitter