The post Synthetix to add Chainlink when v3 exchange launches on Arbitrum appeared on BitcoinEthereumNews.com.

It could be followed with deployments on Optimism and Base. Derivatives protocol Synthetix will add Chainlink Data Streams to its upcoming v3 deployment on the Arbitrum network after its governing council voted unanimously in favor of the integration, according to a post by Chainlink on the X platform.  Chainlink’s Data Streams are so-called “pull-based” oracles designed to deliver verified onchain data at a higher frequency and with lower latency than conventional “push-based” solutions. That is especially valuable for decentralized derivatives exchanges such as Synthetix, which require real-time access to market data to facilitate trades. “Data Streams significantly [enhance] the performance, security, and reliability of markets on the Synthetix protocol,” Chainlink said. Read more Source: https://cointelegraph.com/news/synthetix-chainlink-v3-exchange-launches-arbitrum?utm_source=rss_feed&utm_medium=feed%3Ft%3D1723342390&utm_campaign=rss_partner_inbound

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Filed under: News - @ August 11, 2024 2:14 am