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Staking LINK, Paxo, Betterticket, CACHE Gold

Chainlink adds several Web3 projects to its range of partners. Meanwhile, $LINK holders are gearing up to stake Ethereum in December.

Chainlink Integrations, $LINK Staking Hype

Chainlink had another week of significant project integrations as we approach a new era for increased scalability.

The team plans to launch the beta of Staking (v0.1) on the Ethereum mainnet in December to help further encourage the smooth running of the network.

In this week’s summary:

PaxoFinance

Paxo Finance has integrated Price Feeds on Polygon to fuel accurate loan liquidations.

The sub-guarantees Decentralized finance (DeFi) The Lending and Borrowing protocol can now access high-quality data feeds to support liquidations and help ensure the creditworthiness of the protocol and the lender.

“Security is the most critical aspect of any DeFi protocol, and Chainlink Price Feeds is the best and most widely adopted price data solution in the industry,” said Pranjal Pashar, Founder and CEO of Paxo Finance. .

Source

If DeFi protocols use unreliable asset price feeds, borrowers may be liquidated sooner than expected or too late. While early liquidations are unfair to borrowers, late liquidations make lenders insolvent. To avoid this, Chainlink feeds help ensure that the final price provided on-chain to DeFi protocols reflects a market-wide average.

Best ticket

Betterticket has integrated Chainlink VRF, Automation and Price Feeds as essential components for on-chain NFT ticketing.

“Chainlink services are known for their reliability, security and ease of use. In order to build applications with real-world use cases, such as Betterticket’s enhanced ticketing system, it is essential that smart contracts have access to external functionality,” said the Betterticket team.

Source

The metaverse event ticketing platform uses:

  • VRF chain link offer all members a fair chance to receive a better NFT card during the sale phase
  • Automating to reward attendees for their attendance and automatically start and stop event ticket sales, and
  • Chainlink Price Feed to accurately convert ticket prices to USD.

COVER Gold

CACHE Gold, a DeFi protocol supporting collateralized and tradable tokenized gold, has integrated Chainlink Proof of Reserve on Polygon.

This helps users verify that the string Gold CACHE tokens ($CGT) minted on Polygon is fully backed 1:1 by $CGT tokens on Ethereum.

“By leveraging the industry-leading oracle network, we are able to more securely bring one of the world’s most popular assets to Polygon’s DeFi ecosystem,” said Brian Hankey, co-founder. of CACHE Gold.

Check out BSC News’ weekly digest to keep up to date with the latest updates on the smart contract powerhouse.

Four latest editions:

What is chain link:

Chainlink is the industry standard for creating, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations to enable feature-rich applications. They currently secure tens of billions of dollars across DeFi, insurance, gaming and other major industries and provide global enterprises and major data providers with a universal gateway to all blockchains.

Where to find Chainlink:

Website | Twitter | Documents | Community

What is Paxo Finance:

Paxo Finance is an under-collateralized investment lending protocol that allows users to borrow up to 5x their capital to invest in crypto-assets, NFTs, or the metaverse. The protocol also allows liquidity providers to earn high APY by providing liquidity in multiple available pools.

Where to find Paxo Finance:

Website | Twitter

What is Betterticket:

Betterticket builds Web3 social networks for in-person, online and metaverse events. They offer a decentralized event management and ticketing system that uses NFTs as event tickets.

Where to find Betterticket:

Website | Twitter

What is HIDDEN gold:

CACHE Gold (CGT) is a regulated ERC-20 token fully backed by redeemable physical gold.

Where to find CACHE gold:

Website | Twitter