Sep 14, 2020 at 12:57 UTCUpdated Sep 14, 2020 at 13:30 UTC
Crypto.com has announced a new partnership that will see Chainlink’s price feeds integrated into its decentralized finance (DeFi) wallet offering.
- The Hong Kong-based payment card and wallet provider said Monday that Chainlink’s Price Reference Data – its decentralized oracle network – had been plugged directly into the DeFi wallet, giving users ready access to its price feeds.
- Per a press release, Crypto.com said the integration meant users would receive “highly accurate and transparent prices” on all assets supported in the wallet.
- Chainlink co-founder Sergey Nazarov said the integration means the prices users see will reflect actual market conditions, rather than being the product of “human tampering.”
- Crypto.com launched its wallet earlier this year as a user-friendly means to access the buzzing DeFi space – where total value locked (TVL) ballooned from $600 million at the start of the year to a peak of nearly $10 billion a few weeks ago, according to DeFi Pulse.
- Crypto.com has also launched two decentralized data feeds for its native CRO token against U.S. dollars and ether (ETH) ahead of what it said was a “deeper integration into the rapidly growing DeFi ecosystem.”
- Mirroring Binance, Crypto.com launched a swap product last week where users can exchange tokens and where liquidity providers can earn yields by depositing digital assets into token pools.
See also: Uniswap Takes Lead Over SushiSwap Less Than 24 Hours After SUSHI Rewards Drop
Read more about…
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.