The post Real-Time Data on Solana, Easier Cross-Chain ETH Staking with Lido appeared on BitcoinEthereumNews.com.

GMX-Solana adopts Chainlink’s Data Streams, boosting trading precision and transparency on Solana’s derivatives platform. Lido integrates Chainlink’s CCIP, enabling direct ETH staking from Layer-2 networks without bridging to mainnet. Chainlink (LINK) has secured key roles within decentralized finance (DeFi) through two new partnerships—one with GMX-Solana and another with Lido. Meanwhile, these integrations reflect Chainlink’s ongoing efforts to enhance DeFi infrastructure with real-time data solutions and cross-chain capabilities, boosting trading precision and making ETH staking more accessible. GMX-Solana Chooses Chainlink for Real-Time Price Feeds Chainlink Data Streams has recently emerged as the primary data source for market data for the decentralized derivatives marketplace on Solana called GMX-Solana. The purpose of this relationship is to ensure that market or price feeds delivered on real-time basis to high frequency trading are credible. Through integration with the Chainlink decentralized network, GMX Solana aims to keep trading data as transparent and thus as secure and reliable, as low latency. The decision aligns with the core principles of GMX-Solana, according to its co-founder, Q:  “GMX-Solana is founded on transparency and decentralization, principles that align closely with Chainlink’s approach to enabling DeFi at scale. Integrating Chainlink Data Streams into GMX-Solana will help ensure that our derivatives markets are supported by decentralized, battle-tested infrastructure.”  This implementation is set to enhance both trading accuracy and user trust in the platform. To maintain the efficiency of this data service, GMX-Solana has agreed to allocate 1.2% of its protocol fees to compensate Chainlink service providers. This structure aims to support sustainable operations and ensure the continuity of real-time data delivery. Lido Adds Chainlink’s CCIP for Cross-Chain ETH Staking Lido, a liquid staking provider, has partnered with Chainlink to implement its Cross-Chain Interoperability Protocol (CCIP). This addition allows users to stake ETH directly from Layer-2 networks—such as Arbitrum, Base, and Optimism—without having…

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Filed under: News - @ November 2, 2024 5:20 am