- Chainlink is leading the way in creating economically sustainable oracle services for Web3.
- Recent milestones in Chainlink Economics 2.0 highlight their progress in aligning incentives with major Web3 protocols.
Chainlink expands partnership with GMX, Celo, Base, and StarkWare
Chainlink has achieved significant milestones in their Economics 2.0 initiative. The GMX community approved the integration of Chainlink’s low-latency oracles, with 1.2% of protocol fees allocated to Chainlink service providers. Similarly, the Celo community voted in favor of Chainlink joining the Chainlink SCALE program, ensuring coverage of node operating costs on the Celo network.
In addition, the Ethereum L2 network by Coinbase, BuildOnBase, has integrated Chainlink Data Feeds on the testnet and joined the Chainlink SCALE program. Lastly, StarkWare partnered with Chainlink to accelerate the growth of the Starknet ecosystem, with Starknet tokens covering operating costs of Chainlink oracles.
Chainlink BUILD program supports Web3 project growth
The Chainlink BUILD program continues to thrive, with a total of 31 projects joining the initiative. This program offers enhanced access to Chainlink services and technical support, catering to both early-stage and established Web3 projects. By providing these resources, Chainlink aims to accelerate the adoption and growth of Web3 projects, fostering innovation and collaboration within the ecosystem.
To thrive well into the future, Web3 needs economically sustainable infrastructure.#Chainlink is leading the charge in creating sustainable oracle services by aligning incentives with the largest Web3 protocols.
This 🧵 highlights recent milestones in Chainlink Economics 2.0.
— Chainlink (@chainlink) May 10, 2023
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Chainlink’s commitment to economically sustainable infrastructure in the Web3 space is evident through their ongoing efforts and achievements. By aligning incentives with major Web3 protocols, Chainlink is paving the way for reliable and secure oracle services. The integration of Chainlink’s low-latency oracles by GMX, Celo, Base, and StarkWare showcases the trust and recognition these protocols have in Chainlink’s technology.
Furthermore, the expansion of the Chainlink BUILD program demonstrates their dedication to supporting the growth of Web3 projects. Through enhanced access to Chainlink services and technical support, participants in the BUILD program gain valuable resources and expertise to accelerate the development and adoption of their projects.
As Chainlink continues to collaborate with leading protocols and expand its ecosystem, it strengthens the foundation for Web3’s sustainable future. By addressing the needs of the DeFi space and ensuring the reliability of oracle services, Chainlink plays a pivotal role in unlocking the full potential of the Web3 ecosystem.
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