To date in DeFi, we have mostly seen product market fit among pool-based lending protocols. This includes variable rate and short-term fixed-rate protocols.
While pool-based models are efficient in providing passive liquidity and socializing risk, they fragment liquidity for products with different maturities. For fixed-rate lending, this leads to not only higher slippage, but also an unfriendly user experience — borrowers and lenders are forced to pick maturities that don't line up with their preferred timelines.
Size is built on an order book model where offers are expressed as yield curves, allowing efficient and continuous pricing of fixed-rate products while maintaining unified liquidity.
Over time, we hope that this facilitates speculation by sophisticated bond/credit traders on not just a few maturities per year, but on rates for any date or time in the future, thus enabling a more efficient market.
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compiance, and pirvacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.
Many of the world's largest financial services institutions have also adopted Chainlink's standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, and top protocols such as Aave, GMX, Lido, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
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.
