Chainlink has launched a new product aimed at the decentralized financial market.
By one Blog postThe Chainlink Defi yield index is a data product that uses the standard of the decentralized Oracle Network to collect credit rates in the decentralized financial ecosystem.
Chainlink (link) has integrated the space and time of zero knowledge of zero knowledge feelings to introduce the Chainlink Defi yield index in the market. Space and time is a leading data warehouse that recently collected $ 20 million from investors in risk capital.
The Defi yield index uses the blockchain indexer and database of Space and Time to bring real-time activities to the index, which guarantees accuracy, robustness and market repressiveness.
Chainlink says that his new decentralized financing product will benefit capital markets, decentralized financial protocols and the wider community of users. These participants can use the index for possibilities for earning yield, risk management and efficient capital implementation.
“Chainlink has established itself as the standard for verifiable data on Defi and the emerging unchain-Financial ecosystem, and space and time offers a transforming database solution that unlocks advanced Web3-Use cases,” said Scott Dykstra, co-founder of space And time. “We are pleased to offer the indexation and database infrastructure to support the calculations for Chainlink Defi yield indexes and financial institutions to conquer more opportunities in the public blockchain eco -system.”
Initially, the index will be calculated for the largest and most liquid decentralized financial market assets, including USD Munt, Tether, packed Bitcoin and packed Ethereum. Chainlink will serve as the index manager, while space and time will act as the calculation agent, which guarantees fairness, accuracy and transparency.
The Defi revenue index contributes to the growing products of Chainlink, including Chainlink prize feeds, data flows, cross-chain interoperability protocol and proof of reserve.
