{"id":195471,"date":"2021-07-22T09:35:52","date_gmt":"2021-07-22T08:35:52","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=195471"},"modified":"2021-09-17T23:53:02","modified_gmt":"2021-09-17T22:53:02","slug":"chainlink-link-price-feeds-are-now-live-on-avalanche","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/chainlink-link-price-feeds-are-now-live-on-avalanche\/","title":{"rendered":"Chainlink (LINK) price feeds are now live on Avalanche"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/coins\/chainlink\/\"><span style=\"font-weight: 400;\">Chainlink<\/span><\/a><span style=\"font-weight: 400;\"> \u2018Price Feeds\u2019 are now live on the <\/span><a href=\"https:\/\/cryptoslate.com\/coins\/avalanche\/\"><span style=\"font-weight: 400;\">Avalanche (AVAX)<\/span><\/a><span style=\"font-weight: 400;\"> mainnet, bringing price reference data to protocol developers across a variety of asset classes, as per a release shared with <\/span><i><span style=\"font-weight: 400;\">CryptoSlate<\/span><\/i><span style=\"font-weight: 400;\"> today.<\/span><\/p>\n<h2><b>Chainlink price feeds arrive on Avalanche<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Chainlink\u2019s Price Feeds empower smart contract developers to build advanced <\/span><a href=\"https:\/\/cryptoslate.com\/cryptos\/defi\/\"><span style=\"font-weight: 400;\">DeFi<\/span><\/a><span style=\"font-weight: 400;\"> applications on the burgeoning Avalanche, such as price-sensitive derivatives markets, low-cost lending applications, high-throughput trading strategies, and other financial applications.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Chainlink is live on Avalanche Mainnet! Build smart contracts utilizing <a href=\"https:\/\/twitter.com\/chainlink?ref_src=twsrc%5Etfw\">@Chainlink<\/a>-powered decentralized oracle networks, to create highly scalable, low-cost dapps with strong security, reliability, and data quality.  <a href=\"https:\/\/t.co\/L11Drv37ps\">https:\/\/t.co\/L11Drv37ps<\/a><\/p>\n<p>&mdash; Avalanche (@avalancheavax) <a href=\"https:\/\/twitter.com\/avalancheavax\/status\/1417831817411977219?ref_src=twsrc%5Etfw\">July 21, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">The move to Avalanche was made possible via a Chainlink Community Grant awarded to Protofire \u2014 a leading development workshop and Avalanche validator \u2014 who adapted, tested, and implemented Chainlink oracles natively into the Avalanche mainnet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a result, numerous Chainlink Price Feeds are now available on Avalanche mainnet, with plans to continually roll out new ones to meet ecosystem demand.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cChainlink has set the standard for oracles and data across blockchains and decentralized applications,\u201d says Emin G\u00fcn Sirer, founder and CEO of Ava Labs, in this regard.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He added, \u201cDeFi is already flourishing on Avalanche, but Chainlink\u2019s data will unlock an enormous amount of development across the community and expand Avalanche\u2019s edge as the most technologically advanced platform in crypto.\u201d<\/span><\/p>\n<h2><b>Developers start running the gears<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">DeFi developers on Avalanche can start testing and building with Chainlink Price Feeds using <\/span><a href=\"https:\/\/docs.chain.link\/docs\/avalanche-price-feeds\/\"><span style=\"font-weight: 400;\">this documentation<\/span><\/a><span style=\"font-weight: 400;\">. Key on-chain functions can now be performed, including but not limited to, calculating collateralization ratios, minting fair market loans, setting exchange rates, pricing synthetic assets, rebasing algorithmic stablecoins, and triggering automated trading strategies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, some Avalanche teams are already launching their DeFi applications on the protocol using Chainlink, such as the multichain \u2018middleware\u2019 app BiFrost. \u201cBy integrating Chainlink Price Feeds on both Ethereum and BSC, the BiFrost protocol ensures it has access to the most reliable, decentralized, and highest quality data,\u201d said Dohyun Pak, CEO of BiFrost.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He added, \u201cChainlinks\u2019 Avalanche expansion is exciting news for the greater DeFi space and will help secure the BiFrost platform as it scales to meet the demand for a multichain ecosystem.\u201d <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink \u2018Price Feeds\u2019 are now live on the Avalanche (AVAX) mainnet, bringing price reference data to protocol developers across a variety of asset classes, as per a release shared with CryptoSlate today. Chainlink price feeds arrive on Avalanche Chainlink\u2019s Price Feeds empower smart contract developers to build advanced DeFi applications on the burgeoning Avalanche, such [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":195476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,46940,37],"tags":[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 (LINK) price feeds are now live on Avalanche<\/title>\n<meta name=\"description\" content=\"Chainlink \u2018Price Feeds\u2019 are now live on the Avalanche (AVAX) mainnet, bringing price reference data to protocol developers.\" \/>\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-link-price-feeds-are-now-live-on-avalanche\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chainlink (LINK) price feeds are now live on Avalanche\" \/>\n<meta property=\"og:description\" content=\"Chainlink \u2018Price Feeds\u2019 are now live on the Avalanche (AVAX) mainnet, bringing price reference data to protocol developers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/chainlink-link-price-feeds-are-now-live-on-avalanche\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-22T08:35:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-17T22:53:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/07\/chainlink-avalanche-feeds3.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=\"Shaurya Malwa\" \/>\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=\"Shaurya Malwa\" \/>\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-link-price-feeds-are-now-live-on-avalanche\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/chainlink-link-price-feeds-are-now-live-on-avalanche\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#person\",\"name\":\"Shaurya Malwa\",\"url\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/shaurya-malwa\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/07\/author-shaurya-malwa.jpg\",\"caption\":\"Shaurya Malwa\"},\"jobTitle\":\"Analyst\",\"description\":\"Post-mining his first bitcoin in 2012, there was no looking back for Shaurya Malwa. 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