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    Polygon’s Founder Says Chainlink Integration Is a “Recreation-Changer for DeFi”

    Latest News

    • Polygon’s founder, Sandeep Nailwal, known as Chainlink’s Knowledge Feeds integration on Polygon a “game-changer for DeFi.”
    • Nailwal mentioned the combination will enhance and open up new alternatives for gamers in Polygon’s DeFi house. 
    • The founder mentioned Chainlink’s CCIP know-how locations Polygon builders ready to faucet into rising ecosystems.

    Sandeep Nailwal, founding father of Polygon, took to X (previously Twitter) to share his optimism following Chainlink’s Knowledge Feeds integration on Polygon zkEVM, highlighting it as one of many vital strides on the blockchain heading into 2024.   

    Nailwal, in a tweet, famous that the latest growth underscored the continued partnership between Chainlink and Polygon since 2021. In line with the founder, the combination additional opens up Polygon, as “Chainlink is now utilized by the most important protocols like Aave and Features and secures 85-90% of the obtainable liquidity.”

    Moreover, Nailwal mentioned the combination ushers Polygon into a brand new period, particularly for DeFi purposes on the blockchain. “The mix of Chainlink’s industry-leading knowledge answer and the Polygon zkEVM’s ZK Rollup superpowers can be a recreation changer for DeFi, making a complete new class of superior DeFi purposes doable,” he acknowledged within the tweet.  

    Moreover, Nailwal sees Chainlink’s CCIP as an essential piece within the integration, including that will probably be the connection between the DeFi economic system and the rising financial institution blockchain ecosystem. That features the tokenized actual world belongings (RWAs) sector, which Nailwal mentioned may drive trillions of {dollars} to maneuver onchain. 

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    In the meantime, Nailwal’s feedback comply with a Thursday announcement that Chainlink Knowledge Feeds at the moment are stay on Polygon zkEVM. The combination is about to empower builders to construct superior DeFi purposes with the industry-leading knowledge answer, the announcement learn. 

    In an announcement, Marc Borion, CEO of Polygon Labs, mentioned the Knowledge Feeds integration improves and introduces new alternatives to the DeFi ecosystem on Polygon. “This performance is about to unlock the deployment of a number of vital DeFi protocols on Polygon zkEVM early subsequent yr,” Borion remarked. 

    Disclaimer: The data offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any variety. Coin Version shouldn’t be chargeable for any losses incurred on account of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.

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