{"id":197104,"date":"2021-08-18T19:00:24","date_gmt":"2021-08-18T18:00:24","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=197104"},"modified":"2022-03-11T15:31:12","modified_gmt":"2022-03-11T15:31:12","slug":"chainlink-price-feeds-will-go-live-on-fantom-mainnet","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/chainlink-price-feeds-will-go-live-on-fantom-mainnet\/","title":{"rendered":"Chainlink price feeds will go live on Fantom mainnet"},"content":{"rendered":"<p><a href=\"https:\/\/data.chain.link\/\"><span style=\"font-weight: 400;\">Chainlink Price Feeds<\/span><\/a><span style=\"font-weight: 400;\"> are now live on the <\/span><a href=\"https:\/\/fantom.finance\/\"><span style=\"font-weight: 400;\">Fantom<\/span><\/a><span style=\"font-weight: 400;\"> Opera mainnet, as per Chainlink developer team Smart Contract in a release to <\/span><i><span style=\"font-weight: 400;\">CryptoSlate<\/span><\/i><span style=\"font-weight: 400;\"> today. <\/span><span style=\"font-weight: 400;\">This native integration was made possible by a <\/span><a href=\"https:\/\/blog.chain.link\/block42-receives-grant-to-natively-integrate-chainlink-on-fantom\/\"><span style=\"font-weight: 400;\">grant given to block42<\/span><\/a><span style=\"font-weight: 400;\"> through the Chainlink Community Grant Program.<\/span><\/p>\n<h2><b>Chainlink to power data feeds on Fantom<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">DeFi smart contracts on the Fantom mainnet can incorporate these Chainlink-powered decentralized oracle networks for high-quality, tamper-proof, and low latency financial market data feeds. If you are a developer building on Fantom and want to connect your smart contract to Chainlink Price Feeds, please refer to the following documentation: <\/span><a href=\"https:\/\/docs.chain.link\/docs\/fantom-price-feeds\/\"><span style=\"font-weight: 400;\">https:\/\/docs.chain.link\/docs\/fantom-price-feeds\/<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The initial integration involves the launch of the following Chainlink Price Feeds: AAVE\/USD, <\/span><span style=\"font-weight: 400;\">BNB\/USD, BTC\/USD, CREAM\/USD, DAI\/USD, ETH\/USD, FTM\/USD, LINK\/USD, SNX\/USD, SUSHI\/USD, USDC\/USD, and USDT\/USD.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given their historical reliability, high level of security, and optimization for wide market coverage on all price data, we recommend that any Fantom developer needing financial market information consider Chainlink oracles.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Chainlink Price Feeds have proven resilience throughout extreme market volatility and network instability, including during centralized infrastructure outages, flash crashes, and data manipulation attacks.<\/span><\/p>\n<h2><b>Why would developers choose this?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Building with Chainlink on Fantom\u2019s highly scalable, low-cost, and EVM-compatible blockchain enables developers to still get high-quality data and decentralized security while achieving high performance and cost-efficiency enhancements.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Developers can use Chainlink Price Feeds to perform a wide variety of DeFi functions on Fantom, including to trigger supply adjustments in algorithmic stablecoins, settle futures and options contracts, determine accurate staking rewards in liquidity pools, calculate collateralization ratios in lending and borrowing protocols, and much more.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Chainlink price feeds arrive as activity on Fantom DeFi protocols soars. As of mid-August 2021, Total Value Locked (TVL) on Fantom is more than $380M, significantly higher than at the beginning of the year.\u00a0<\/span><\/p>\n<h2><b>Fantom benefits<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Users and developers are turning to Fantom to take advantage of 1-second transaction finality and consistently low transaction fees that average to less than a cent, no matter what the volume on the network is. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fantom\u2019s EVM compatibility makes it easy for developers to port their smart contracts over to Fantom, and for users to access Fantom dApps via well-known wallets like MetaMask.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These factors, along with the liquid staking Fantom offers on its streamlined wallet, are just some of the drivers behind the platform\u2019s growing popularity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The end result is Fantom and Chainlink empowering a new wave of innovation in the blockchain industry around high-throughput DeFi applications with near-zero transaction fees, one-second finality, and universal connectivity to premium data.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe\u2019re excited to start a new wave of scalable DeFi development on Fantom with support from the widely adopted Chainlink Price Feeds for high-quality, tamper-proof data at low latencies,\u201d noted Michael Kong, CEO of Fantom.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He added, \u201cGiven the extensive collection of Chainlink Price feeds, Fantom developers now have the ability to rapidly develop and expand their DeFi products and services while users receive best-in-class security, reliability, and usability.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink Price Feeds are now live on the Fantom Opera mainnet, as per Chainlink developer team Smart Contract in a release to CryptoSlate today. This native integration was made possible by a grant given to block42 through the Chainlink Community Grant Program. Chainlink to power data feeds on Fantom DeFi smart contracts on the Fantom [&hellip;]<\/p>\n","protected":false},"author":65,"featured_media":197103,"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 price feeds will go live on Fantom mainnet<\/title>\n<meta name=\"description\" content=\"Chainlink Price Feeds are now live on the Fantom Opera mainnet, as per Chainlink developer team Smart Contract.\" \/>\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-will-go-live-on-fantom-mainnet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chainlink price feeds will go live on Fantom mainnet\" \/>\n<meta property=\"og:description\" content=\"Chainlink Price Feeds are now live on the Fantom Opera mainnet, as per Chainlink developer team Smart Contract.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/chainlink-price-feeds-will-go-live-on-fantom-mainnet\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-18T18:00:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-11T15:31:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/08\/chainlink-fantom.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=\"3 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-will-go-live-on-fantom-mainnet\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/chainlink-price-feeds-will-go-live-on-fantom-mainnet\/\"},\"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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