Chainlink Oracles Become Available on Ethereum Scaler Arbitrum One
U.S. dollar-denominated price feeds are available now, with support for new price pairs to follow.
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Oracles from Chainlink, a provider of data feeds to smart contracts, have been integrated into Ethereum scaling solution Arbitrum One.
- Chainlink's U.S. dollar-denominated price feeds are available now, with support for new price pairs to follow, according to an announcement shared with CoinDesk Thursday.
- Arbitrum says it is addressing a common request from smart-contract developers, who require high-quality data from financial markets to power decentralized exchanges, futures and options platforms and algorithmic stablecoins.
- The Chainlink feeds provide Arbitrum with high-frequency price updates allowing assets to be valued on-chain and in real time.
- Arbitrum says developers will be able to receive the same data quality and reliability as on the Ethereum base layer, but at lower cost and with more frequent updates.
- Arbitrum One is the network's beta mainnet.
Read more: Chainlink Unveils Crypto ‘Keepers’ and Anti-Fraud Blockchain Bridges
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
