Chainlink and StarkWare Partnership Brings DeFi to StarkNet
According to reports, Chainlink tweeted that the StarkNet test network now supports Chainlink pricing. At present, StarkNet developers can use this pricing flo…
According to reports, Chainlink tweeted that the StarkNet test network now supports Chainlink pricing. At present, StarkNet developers can use this pricing flow to build DeFi applications. At the beginning of February, Stark Ware announced that it would establish a partnership with Chainlink Labs. StarkWare will officially join the Chainlink SCALE program. StarkNet test network will also support Chainlink pricing.
StarkNet test network now supports Chainlink pricing
Analysis based on this information:
Blockchain technology and DeFi have taken the world by storm in recent years, offering a decentralized, secure, and transparent financial ecosystem to users. Among the various blockchain networks and solutions available out there, Chainlink has emerged as one of the most reliable and robust oracle solutions for smart contracts. On the other hand, StarkWare, a leading provider of zero-knowledge technology, seeks to empower blockchains by enhancing scalability and privacy while maintaining security. Now, Chainlink and StarkWare are coming together to make DeFi more accessible and user-friendly on the StarkNet platform.
According to reports, Chainlink recently tweeted that StarkNet, the Layer 2 scaling solution developed by StarkWare, has added support for Chainlink pricing. This means that developers building DeFi applications on the StarkNet test network can now leverage Chainlink’s oracle solutions to fetch accurate and reliable pricing data from various sources. This is a significant development, as pricing data is crucial for various financial applications, including trading, lending, borrowing, and more.
This comes after StarkWare announced in February that it would be partnering with Chainlink Labs and joining the Chainlink Secure, Consortium, Adaptable, and Leading-Edge (SCALE) program. As part of this program, StarkWare will work with Chainlink Labs to promote the integration of oracles and zero-knowledge proofs, with the aim of providing even more secure and scalable solutions for DeFi.
The integration of Chainlink with StarkNet is expected to increase the adoption of DeFi on this platform by enabling developers to create more complex and sophisticated smart contracts with accurate and reliable data inputs. This will not only benefit the users but also make the platform more attractive to businesses and institutions looking to leverage blockchain technology for their financial needs.
In summary, the latest development of Chainlink pricing integration on StarkNet is a significant boost to DeFi on this platform. The partnership between Chainlink and StarkWare is expected to bring more innovation and scalability to the DeFi ecosystem, offering users and businesses a more secure and efficient financial platform.
Keyword 1: Chainlink
Keyword 2: DeFi
Keyword 3: Scaling
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