Blockchain
By Dan Saada
1 / 12
Twitter handle Balajis.com points to how Chainlink is a good v1 of what the next Reuters looks like: a cryptographically-verified feed of machine-readable assertions from…
2 / 12
Someone who looked into the Lex Friedman and Sergey Nazarov Interview stated, "I get the feeling that we could fix most of the world's big problems w/ blockchain & smart…
3 / 12
It is true there is more we can do with smart contracts. The podcast is worth listening to twice.
4 / 12
In terms of price, LINK is in the price discovery mode. The price at the time of writing was $43.82.
5 / 12
For those who are new, Chainlink being a decentralized oracle network, brings off-chain data into an on-chain format and therefore bridges the gap between the isolated blockchain…
6 / 12
It focuses on ensuring that the external information like pricing, weather data, and event outcomes fed to smart contracts remains untampered with.
7 / 12
Ruler Protocol is using ChainLink to secure user funds in its no-liquidation lending platform.
8 / 12
Reportedly, Ruler Protocol fixes the minting ratio for a particular Ruler Pair. The mint ratio decides how many dollars you can borrow per one collateral token.
9 / 12
For instance, for every one wBTC deposited with a mint ratio of 29,000, the user will only receive a max of 29,000 stablecoins in loan.
10 / 12
However, if the collateral price as determined by a Chainlink Price Feeds drops: Collateral Price / Mint Ratio < Minimum Collateralization Ratio, then user deposits will…
11 / 12
Sata Token is set to use Chainlink oracles to connect smart contracts to Signata's off-chain risk analysis systems, this making it possible for dApps to access dynamic risk…
12 / 12
Thus, Sata is being used in real-world applications and facilitating wider ecosystem adoption for the long term.
The Currency Analytics
Want the full story?