March 26, 2021: Hyper Link 🔗⏩

Curve Chainlink pool explodes amidst rapid development

Here are today’s DeFi trends:

Ten-hut, Link Marines! The Chainlink Curve pool is flirting with $10MM daily volume, with yields nearing 1% to match.

What’s the reason? At this point, the amount of integrations Chainlink is performing across multiple blockchains are so numerous we can only guess at what could be causing the movement. Here are some of the interesting applications that caught our attention.

FAANG Synths

The unstopabble Synthetix team is hard at work on adding Facebook, Amazon, Apple, Netflix, and Google synthetic assets per SIP 114. To make this work, they need a price oracle. Coincidence that Chainlink added Google, Apple and Amazon over the past few days?

David Miller @CryptoDavid_

Last few days #Chainlink new feeds: Google, Apple & now Amazon 🔸Why? @synthetix_io will soon have "FAANG" synths. See SIP114 sips.synthetix.io/sips/sip-114 FAANG = FB, AMZN, AAPL, NFLX & GOOG ✅DeFi is just starting ✅And $LINK is already key infrastructure for making it possible

TheLinkHound @link_hound

Hey @JeffBezos just wondering if you’ve heard of @Chainlink and their decentralized oracle network❓ Because @Chainlink just created an @amazon AMZN / USD OCR price feed AMZN / USD Welcome to the world of #DeFi Jeff OCR Contract: 0x6e450877FCbFA655722ed5Df6902c979c099A852 https://t.co/ryU968TspA

The Synthetix activity doesn’t stop there, as the team also added a $sKRW Korean Won stablecoin, with prices also powered by Chainlink.

Synthetix ⚔️ @synthetix_io

We're excited to announce that $sKRW is now live on Synthetix! $sKRW is the latest Forex Synth alongside $sUSD, $sGBP, $sJPY, $sEUR, $sAUD, and $sCHF. Forex Synth prices are powered by @chainlink. To start trading $sKRW, visit Kwenta.io.

Korea is a particularly great market, as all the institutional tech companies in the country are exposed to crypto:

Joseph Young @iamjosephyoung

BIG news coming from South Korea. Naver is the biggest search engine in South Korea. It's been publicly disclosed today that Naver invested in the crypto space through @hashed_official's venture fund. The institutional interest in crypto in Asia is really heating up. (1/3)

Terra

Chainlink is also expanding to Terra through a grant. The Terra empire is growing very fast, promising 20% yield through it’s Anchor Protocol, so exposure to this ecosystem is a useful integration for Link.

Chainlink - Official Channel @chainlink

We’re excited to award a grant to @hack_bg to natively integrate #Chainlink on @terra_money. This will enable developers in the Terra ecosystem to build high-throughput smart contracts that leverage Chainlink oracles to securely access off-chain resources.

blog.chain.linkHack.bg Receives Grant for Native Integration of Chainlink on TerraBlockchain development firm Hack.bg has been selected as a grant recipient for the native integration of Chainlink into the Terra Protocol.

Chinese Yuan

Is a stableyuan an oxymoron? Since Chainlink launched the $CNY/USD price feed, there’s been a lot of activity focused on exactly this. Haven is one protocol that announced the launch of a private stablecoin based on the yuan next month.

Haven Protocol @HavenXHV

On April 12 Haven will launch new private assets xEUR, xCNY, xAU (Gold), and xAG (Silver). Anyone in the world can use Haven to gain financial freedom. The future looks nothing like 1984. $XHV $xUSD #NoMore1984

We argue dollarcoin adoption is the key to America’s transition to the new economy, so it will be interesting to see what happens if CNY coins flood the market.

And Much, Much More

We’re really just scratching the surface. Chainlink is integrating with Filecoin…

Tyler Winklevoss @tyler

Chainlink $LINK is integrating with @Filecoin $FIL to enable smart contract-enabled blockchains.

coindesk.comChainlink Integration Connects Filecoin to Smart Contract-Enabled Blockchains - CoinDeskDecentralized storage network Filecoin has integrated with decentralized finance (DeFi) oracle service Chainlink.

…applications in insurance…

TheLinkHound @link_hound

I sincerely urge everyone to read, and then re-read the following screenshots. I truly find this mind blowing. Wow ‼️ acreafrica.com/etherisc-teams… @chainlink and insurance. It is coming. #PoweredByChainlink @etherisc

…some Link advocates believe Tesla will partner with Chainlink…

JunkoSuzuki @JunkoSu22993224

People don’t realize, many are confused & others are in denial about how big the @elonmusk DeFi announcement is for Chainlink. It's f'king huge (most impactful) news in #blockchain space & this will gradually become clear as @Tesla announces partnership Chainlink #DeFi $Link.

…Gamers and NFTs are also well represented among the dozens of new integrations.

Chainlink Today @ChainlinkToday

In February, @chainlink announced 34 new integrations to the growing ecosystem – including several new #gaming protocols using #Chainlink VRF to enable next-generation #NFTs.

chainlinktoday.comFebruary 2021 Recap: Chainlink Announces 34 New Integrations As OCR Slashes Gas Costs And VRF Fuels New NFTs | Chainlink TodayIn February, Chainlink announced 34 new integrations. The Chainlink ecosystem now includes 181 DeFi projects, 80 blockchains, 37 data providers, 31 projects using Chainlink VRF, 22 gaming projects and 11 payment protocols. “As the number of integrations in the Chainlink ecosystem continues to grow e…

Uniswap’s Rube Goldberg machine of a v3 release will require frequent price data, which may also require increased reliance on Chainlink’s oracle services.

ChainLinkGod.eth @ChainLinkGod

1/ Alpha leak time @Uniswap V3 requires depositors to deposit assets in a specific price range (e.g. $100-$150) Advanced liquidity providers (LPs) will take advantage of this and concentrate their liquidity near the spot price (because that's where all the trading fees accure)

With so many juicy integrations, even Grayscale is unveiling a trust:

Grayscale @Grayscale

At Grayscale, we're committed to meeting the needs of #digitalcurrency investors. That's why we're proud to unveil one of our newest investment products: Grayscale Chainlink Trust. $LINK gryscl.co/3s1mhiT

Anybody interested in learning more should watch Chainlink co-founder Sergey Nazarov’s notes from their latest hackathon.

Sergey Nazarov @SergeyNazarov

We're at a key moment in history, where technology either enables distrust, division and dictatorship, or it enables trust, collaboration and fairness. Blockchains, smart contracts and oracles are the technologies that will define which path we will take. youtu.be/Iw3RwWV-whw?t=…

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