We’re excited to announce that Digital Asset Research (DAR), an institutional-grade provider of price data, research and insights for digital assets, is using Chainlink to bring high-quality data to smart contract applications.
Through Chainlink, DAR provides ‘clean’ price data for 1,000 digital assets that is aggregated from a variety of high-quality decentralized and centralized exchanges, filtered for outliers, exchange reliability, and more. The price data is then delivered to Chainlink decentralized oracle networks (DONs) to generate trust-minimized price oracle reports. These oracle reports are a widely adopted source of truth for DeFi protocols, which rely on robust price data to enable swap markets, measure risk, help trigger liquidations in lending markets, optimize liquidity for decentralized exchanges, settle futures and options markets, and many more innovative use cases.
DAR data has already been adopted by leading institutions and analytics platforms and is actively used within the Bloomberg Terminal—one of the most popular tools for investors and traders in the finance world. Using Chainlink to deliver market data helps enable DAR to expand its coverage and bring greater trust to DeFi on blockchains or layer-2 platforms. As industry-standard oracle infrastructure, Chainlink connects DAR to blockchain applications that have already consumed more than 4 billion data points from the Chainlink Network.
Chainlink is a future-proof data solution for the Web3 ecosystem, with critical features such as:
- Credential Management — Chainlink nodes can securely manage API keys and account logins, leading to a seamless integration.
- Blockchain Agnostic — Chainlink is blockchain agnostic, meaning that the data produced by DONs can be made available on any current or future blockchain environment.
- Widely Adopted — Chainlink is the most widely used oracle network in the blockchain industry, offering access to a vast addressable market of potential data consumers.
- Provably Secure — Chainlink is thoroughly audited open-source software designed according to leading academic research, and has a proven history helping secure billions of dollars in value live in production.
“The DeFi economy on any blockchain or layer-2 environment relies on high-quality market data and asset valuation services from firms like Digital Asset Research,” said Yaser Jazouane, Head of Data Products at Chainlink Labs. “The addition of DAR’s institutional-grade price data to Chainlink helps enhance accuracy and security for any blockchain application, now and in the future, that needs digital asset price data.”
“As the market leader for blockchain middleware and oracle services, Chainlink provides secure and reliable connectivity between data providers and blockchain applications,” stated Doug Schwenk, CEO of Digital Asset Research. “By using Chainlink, we’re immediately able to access the largest network of applications that need our data, and we can help Chainlink set standards for transparency, quality, and accuracy for price data on any blockchain, without changing our existing infrastructure.”
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.