Here’s why using #Chainlink Data Streams is a no-brainer for MUX:
All decentralized perpetual futures protocols, MUX included, require fast and accurate price data to function properly. To that end, Chainlink Data Streams are being integrated for three core functions: Opening and closing trades, triggering liquidations, and executing conditional orders.
Building a robust on-chain perpetual futures exchange means embedding Web3 values of decentralization and transparency at every level. Chainlink Data Streams gives MUX a solution that enables us to rival centralized exchange experiences without compromising on these values.
Specifically, Chainlink Data Streams offer sub-second price resolution that’s underpinned by proven Chainlink infrastructure, which remains reliable even amidst unexpected events. This gives MUX users valued security, reliability, and trust-minimization guarantees around the price data used to power trades on MUX.
Additionally, Chainlink Data Streams make use of conflict of interest-free data sources and a commit and reveal architecture that helps ensure traders and liquidity sources are protected against malicious price manipulation and information arbitrage. This spearheads a safe trading environment that puts the user first by creating a level playing field for all market participants.
We’re incredibly excited to be at the forefront of DeFi by using Chainlink’s best-in-class oracle infrastructure.
Currently, we are still integrating and in the process of testing. Stay tuned for more updates!
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
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
