Starknet builders can now construct extremely scalable and safe DeFi functions
SAN FRANCISCO, July 11, 2024 /PRNewswire/ — Chainlink, the industry-standard decentralized computing platform, and Starknet, the safe scaling expertise bringing Ethereum‘s advantages to the world, introduced at present that Chainlink Knowledge Feeds, the industry-leading information resolution for DeFi, at the moment are reside on Starknet mainnet.
Starknet is an ecosystem that helps builders to beat Ethereum‘s scalability limitations whereas guaranteeing computational integrity. The addition of Knowledge Feeds affords help for builders who’re constructing extremely scalable and safe DeFi functions on Starknet. The combination will assist speed up the expansion of the Starknet ecosystem and scale DeFi on Ethereum—with out compromising composability or safety.
“We’re pleased to support the Starknet ecosystem with the native integration of Chainlink Data Feeds, enabling developers to build highly secure and scalable DeFi applications,” stated Johann Eid, Chief Enterprise Officer at Chainlink Labs. “With hyper-reliable, accurate, and decentralized market data natively accessible onchain, developers can create next-gen applications on Starknet.”
Starknet beforehand joined Chainlink SCALE to realize enhanced entry to Chainlink providers and speed up ecosystem progress and app improvement on its ecosystem. As a part of the Chainlink SCALE program, the Starknet Basis covers sure working prices for Chainlink oracle nodes, equipping Starknet builders with entry to low-cost Chainlink Knowledge Feeds. This strategic partnership established a pretty panorama for Starknet builders by offering a data-rich, low-cost atmosphere to construct extremely performant, more and more complicated, and safe sensible contract functions.
Starknet is a permissionless Validity-Rollup on Ethereum that allows dApps to securely obtain large computation scale. Nonetheless, as is the case for all blockchain environments, sensible contracts can not natively entry exterior information. Chainlink solves this drawback by bringing extremely correct market information onchain in a extremely safe method.
“We’re excited to integrate the industry standard Chainlink Data Feeds on Starknet,” Diego Oliva, CEO on the Starknet Basis. “Providing Starknet developers with highly secure, reliable, and accurate data will unlock a host of advanced DeFi use cases and drive the adoption of the Starknet ecosystem.”
As probably the most broadly adopted price information customary in Web3, Chainlink already helps safe main DeFi protocols answerable for tens of billions of {dollars} in sensible contract worth, sustaining sturdy safety and excessive availability even amidst sudden occasions, resembling change downtime, flash crashes, and information manipulation assaults by way of flash loans. Chainlink Knowledge Feeds have enabled over $12 trillion in transaction worth because the starting of 2022 and have delivered over 12 billion information factors securely onchain. The mixed advantages of Starknet and Chainlink allow hyper-scalable, extremely safe, and dependable DeFi functions that can assist understand mass DeFi adoption and scale Ethereum.
About Starknet Basis
The Starknet Basis is a non-profit that’s the steward of the Starknet Ecosystem, a quick and scalable L2 primarily based on safe, future-proof ZK-STARK expertise. Pushed by the mission of making a digital world constructed with integrity, belief and transparency at its core, The Basis oversees the continuing improvement, progress, and adoption of the ecosystem by way of a broad vary of packages and partnerships aimed toward making a extremely engaged neighborhood of builders, founders, and customers. To seek out out extra go to starknet.io
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable internet. Chainlink has enabled over $12 trillion in transaction worth by offering monetary establishments, startups, and builders worldwide with entry to real-world information, offchain computation, and safe cross-chain interoperability throughout any blockchain. Chainlink powers verifiable functions and high-integrity markets for banking, DeFi, world commerce, gaming, and different main sectors.
Study extra about Chainlink by visiting chain.hyperlink or studying the developer documentation at docs.chain.hyperlink.
SOURCE Chainlink; Starknet Basis