The convergence of cutting-edge applied sciences has led to a change within the decentralized finance panorama. The integration of Chainlink’s Data Feeds with Polygon zkEVM marks a vital step on this course of, making a big impression on the event of modern purposes.
This technological collaboration not solely provides builders with safe and dependable oracles but in addition solidifies Polygon zkEVM as a dynamic hub for DeFi purposes seeking to capitalize on the distinctive benefits of Zero-Information rollups. The partnership allows direct entry to Chainlink’s oracles, recognized for his or her reliability and safety, providing a brand new dimension of potentialities for DeFi initiatives on Polygon zkEVM.
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DeFi is on Polygon with @chainlinkhttps://t.co/sCjEH9IR3m pic.twitter.com/2xAyYVNUSt— Polygon (Labs) (@0xPolygonLabs) December 14, 2023
Marc Borion, CEO of Polygon Labs, emphasised the significance of this integration, contemplating it an important step for the progress of DeFi on Polygon zkEVM. With the implementation of Chainlink’s Data Feeds, the door is opened to a broader ecosystem of high-quality information from varied sources, increasing the capabilities and scope of DeFi purposes.
.@chainlink has been with @0xPolygon ecosystem side-by-side ever since Matic Community turned Polygon in Feb. 2021. And what a journey it has been for each communities! On Polygon PoS, Chainlink is now utilized by the most important protocols like Aave and Good points and secures 85-90% of the… https://t.co/61lg61UdsK
— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) December 15, 2023
The performance supplied by Chainlink’s Data Feeds not solely ensures easy entry to exterior value information for DeFi builders but in addition paves the best way for the creation and launch of extremely efficient liquidity protocols and superior decentralized exchanges. This growth comes at a vital time for the Polygon zkEVM ecosystem, which just lately achieved a milestone, reaching $125 million in Whole Worth Locked (TVL).
Chainlink Data Feeds to Drive DeFi Area and Improve Safety
The combination not solely strengthens Polygon zkEVM’s place within the DeFi house but in addition addresses inherent safety considerations. Chainlink’s Data Feeds, recognized for his or her robustness and confirmed resilience, provide options to points equivalent to API downtimes, atypical flash crashes, and information manipulation assaults. This ensures the optimum selection for security-oriented DeFi protocols on Polygon zkEVM.
This step isn’t just a leap in technological progress however a promise: the promise of a monetary ecosystem the place reliability, innovation, and inclusivity converge to rebuild the very essence of decentralized finance.