- Akron Finance joins Chainlink BUILD program to accelerate adoption of Akron Crossing Network.
- The program provides Akron with enhanced access to Chainlink’s oracle services and technical support, incentivizing greater crypto-economic security.
Akron Finance will join the Chainlink BUILD program to accelerate ecosystem growth and increase the long-term usage of Akron Crossing Network. As part of the program, Akron aims to incentivize greater crypto-economic security while gaining enhanced access to Chainlink’s industry-leading oracle services and technical support.
In return, the project will make 5% of its native token supply available to Chainlink service providers, including stakers: https://t.co/bB6r07HZTu
— Chainlink (@chainlink) April 19, 2023
Akron Crossing Network: A DEX for Large Order Execution Akron
Crossing Network is a decentralized exchange that enables near-zero price impact matching or crossing of large orders against other large orders or small atomic swap orders at a spot price sourced from a reliable decentralized exchange like Uniswap. The current median trade size on decentralized exchanges (DEXs) is relatively small, so Akron Finance aims to bring the concept of crossing networks to the world of DeFi.
The benefits of the Akron Crossing Network include near-zero price impact for large orders and swaps, MEV protection achieved by economic disincentive, and earning fees on swaps as a reward for executing large orders.
Akron Finance has long been an active participant and believer in Chainlink, and the company is confident that through enhanced support, secure off-chain services, and the backing of Chainlink’s vibrant community, they can accelerate awareness of Akron Finance and realize the adoption of a crossing network for large orders in DeFi. By joining the Chainlink BUILD program, Akron Finance gains priority support from the Chainlink ecosystem and stronger incentive alignment between the Chainlink and Akron Finance communities.
Akron Finance joined BUILD to maximize the benefits of security and reliability that Chainlink oracle infrastructure provides. The program provides Akron Finance with access to and integration of secure, high-quality market data through Chainlink Price Feeds, the ability to seamlessly automate a swap function through access to Chainlink Automation, and access to new Chainlink product alpha and beta releases, among other benefits.
In exchange for these services, Akron Finance will make 5% of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
Chainlink is the industry-standard Web3 services platform that enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain. Chainlink has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. The decentralized oracle network provides global enterprises with a universal gateway to all blockchains.