{"id":187696,"date":"2021-04-21T15:00:46","date_gmt":"2021-04-21T14:00:46","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=187696"},"modified":"2021-11-03T00:55:00","modified_gmt":"2021-11-03T00:55:00","slug":"chainlink-price-feeds-are-coming-to-the-karura-parachain","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/chainlink-price-feeds-are-coming-to-the-karura-parachain\/","title":{"rendered":"Chainlink price feeds are coming to the Karura parachain"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Karura, the decentralized finance (<a href=\"https:\/\/cryptoslate.com\/defi\/\">DeFi<\/a>) parachain built for <a href=\"https:\/\/cryptoslate.com\/coins\/kusama\/\">Kusama<\/a> by Acala, will integrate <a href=\"https:\/\/cryptoslate.com\/coins\/chainlink\/\">Chainlink<\/a> Price Feeds. Following the recent launch of a Chainlink Oracle Pallet, this integration will enable Karura smart contract developers to benefit from precise market data directly on-chain.<\/span><\/p>\n<h2><strong>Chainlink Oracles To Keep The Ecosystem Secure<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">As demand for smart contracts climbs, <\/span><a href=\"https:\/\/polkadot.network\/chainlink-makes-oracle-pallet-available-to-all-substrate-polkadot-and-kusama-chains-2\/\"><span style=\"font-weight: 400;\">Chainlink\u2019s new modular oracle pallet<\/span><\/a><span style=\"font-weight: 400;\"> aims to power all projects within the Polkadot ecosystem, including parachains, substrate chains, and Kusama-based parachains like Karura, with trusted on-chain information and precise financial market data.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a sister chain to Acala, Karura aims to achieve the same goal within the Kusama ecosystem. Progressing on its mission, <\/span><a href=\"https:\/\/acala.network\/\"><span style=\"font-weight: 400;\">Acala Foundation<\/span><\/a><span style=\"font-weight: 400;\"> has announced its plan to integrate <\/span><a href=\"https:\/\/data.chain.link\/\"><span style=\"font-weight: 400;\">Chainlink Price Feeds<\/span><\/a><span style=\"font-weight: 400;\"> to Karura, the all-in-one DeFi conduit of Kusama.<\/span><\/p>\n<p><a href=\"https:\/\/acala.network\/karura\"><span style=\"font-weight: 400;\">Karura<\/span><\/a><span style=\"font-weight: 400;\"> will help non-native parachain teams and dApps seamlessly integrate the standardized substrate Chainlink oracle pallet into a runtime module using any supported smart contract language to virtually access any external, real-world resource.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/cryptoslate.com\/cryptos\/smart-contracts\/\">Smart contract<\/a> developers using the Kusama and Polkadot network can leverage Chainlink pallets as their go-to pricing data delivery solution. All Chainlink Price Feeds are secure, resistant to manipulation, and offer premium data quality using multiple independent oracles to qualify and pull the same data point. Developers will save time and resources while avoiding the risks associated with using their own oracles.<\/span><\/p>\n<h2><strong>A Boon For Substrate And Parachain Developers<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Before launching its parachain on Polkadot, Chainlink, the de-facto standard of oracle networks with billions in smart contract value, will release a parachain on Kusama.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kusama and Polkadot are both independent, standalone networks. Although built similarly, Kusama is a faster multi-chain network designed for radical innovation. By extension, Karura intends to become the preeminent DeFi destination of Kusama. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The project currently offers a suite of financial applications, including a multi-collateralized stablecoin (kUSD) and an automated market-maker DEX \u2013 all with micro gas fees, payable in any token.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the added ability to integrate Chainlink oracle pallets and Price Feeds, developers and dApps can push the limits of what\u2019s possible within the Kusama network and launch bold new financial innovations. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This integration comes with several advantages for developers, including Chainlink\u2019s time-tested oracle security and premium data quality alongside Kusama\u2019s plug-and-play security, fast processing speeds, operability across decentralized networks, and minimal gas fee.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All in all, with the integration of Chainlink Price Feeds, developers using the Kusama and Polkadot networks will not only gain access to an easily integrated oracle price oracle solution but also cut overheads and increase overall efficiency.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karura, the decentralized finance (DeFi) parachain built for Kusama by Acala, will integrate Chainlink Price Feeds. Following the recent launch of a Chainlink Oracle Pallet, this integration will enable Karura smart contract developers to benefit from precise market data directly on-chain. Chainlink Oracles To Keep The Ecosystem Secure As demand for smart contracts climbs, Chainlink\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":187711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,77082,37],"tags":[67749,76729,61059],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chainlink price feeds are coming to the Karura parachain<\/title>\n<meta name=\"description\" content=\"Karura, the decentralized finance (DeFi) parachain built for Kusama by Acala, will integrate Chainlink Price Feeds.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/chainlink-price-feeds-are-coming-to-the-karura-parachain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chainlink price feeds are coming to the Karura parachain\" \/>\n<meta property=\"og:description\" content=\"Karura, the decentralized finance (DeFi) parachain built for Kusama by Acala, will integrate Chainlink Price Feeds.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/chainlink-price-feeds-are-coming-to-the-karura-parachain\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-21T14:00:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-03T00:55:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/04\/chainlink-chain.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/chainlink-price-feeds-are-coming-to-the-karura-parachain\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/chainlink-price-feeds-are-coming-to-the-karura-parachain\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/news-desk\/#person\",\"name\":\"News Desk\",\"url\":\"https:\/\/cryptoslate.com\/author\/news-desk\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/news-desk\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/news-desk\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/author-cs-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/01\/author-cs-300x300.jpg\",\"caption\":\"News Desk\"},\"jobTitle\":\"Editor\",\"description\":\"CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. 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