Partnership of Chainlink with Taiko enabling institutional-level Decentralized Finance (DeFi) operations on Ethereum network
In a significant move for the decentralized finance (DeFi) sector, Taiko Labs has announced its integration with Chainlink Data Streams. This collaboration aims to make Taiko a strong contender for developers seeking Ethereum alignment with faster throughput, and could potentially attract institutional players to the platform.
With this integration, Taiko developers now have access to Chainlink's high-quality data feeds, enabling them to build lending, derivatives, and other DeFi protocols more effectively. The combined design of Taiko and Chainlink promises to deliver reliable data without sacrificing speed, a feature that fits seamlessly into Taiko's model.
Joaquin Mendes, serving as the Chief Operating Officer (COO) at Taiko, will oversee the implementation of this partnership. The integration provides Taiko developers with access to the same battle-tested infrastructure used by leading DeFi protocols, potentially accelerating the launch of new products on Taiko.
The data made available through this integration will include liquidity-weighted bid-ask spreads and flexible reporting formats. Moreover, Taiko Labs plans to make macroeconomic data from sources like the U.S. Department of Commerce available through Chainlink feeds on its network. This data availability will allow developers to build more data-driven financial contracts, expanding what can be created on-chain.
Taiko's Ethereum-based rollup ensures decentralization by using L1 validators for transaction sequencing. This setup delivers highly granular market data directly to the rollup, enabling better pricing and risk management for DeFi protocols. The integration of Chainlink Data Streams makes it the official oracle infrastructure across the Taiko ecosystem, further strengthening its position in the DeFi space.
The integration opens the door for smart contract platforms targeting enterprise adoption, as Chainlink's infrastructure fits perfectly into Taiko's model. This collaboration could potentially revolutionize the DeFi landscape by enabling the creation of more sophisticated and secure financial products within the Taiko ecosystem.
Chainlink's technology, which secures over $100B across DeFi and has processed more than $25T in on-chain volume, is already trusted by leading DeFi protocols. As a result, this integration marks a significant step forward for Taiko, positioning it as a robust and reliable platform for DeFi development.
With this partnership, the Taiko ecosystem, powered by Chainlink's infrastructure, can now support tokenized assets and advanced financial use cases, paving the way for a more diverse and dynamic DeFi landscape.
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