xBTC
Announcements
xBTC is focused on making digital assets that are innovative and easily accessible to everyone. xBTC allows for the trading of Bitcoin Dominance on the open market. This creates a new synthetic derivative that has never existed before, giving a spot price to a novel data point that was previously not tradable in the marketplace. It is a fully open market and decentralized tracking of Bitcoin Market Cap Dominance. This synthetic derivative also introduces a new concept of a synthetic “Dominance Hedge”. A Dominance Hedge is more adaptive and responsive than a simple price hedge, instead of tracking price, it tracks how well Bitcoin keeps up with the breakneck pace of all other blockchain technologies. xBTC will have an entire ecosystem built around it starting with it’s dashboard and mint which are already launched. With the Mint liquidity providers can be rewarded for long term holding. Find out more at xbtc.fi
About Chainlink
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, compliance, and privacy 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.
