- PancakeSwap integrates Chainlink Knowledge Streams and Automation into Arbitrum, enhancing prediction markets with up-to-date and safe information.
- This collaboration stands out for its capacity to supply sub-second value decision and superior frontrunning safety.
PancakeSwap, one of the in style decentralized trade platforms, has simply introduced an integration with Chainlink Knowledge Streams and Automation on the Arbitrum core community. This alliance is shaping as much as be a breakthrough on the earth of decentralized finance (DeFi), providing customers entry to up-to-date, high-frequency value information, important features for buying and selling within the prediction markets to be launched on Arbitrum.
why did PancakeSwap select Chainlink?
To know the magnitude of this transfer, one should analyze why PancakeSwap selected Chainlink. This platform is understood for its oracle resolution with low latency and automation, which permits them to entry recent value and demand information in the beginning and finish of every prediction spherical.
Chainlink Knowledge Streams feeds for use initially embrace ETH/USD, BTC/USD and ARB/USD. Chainlink was chosen due to its confirmed infrastructure, which gives unparalleled efficiency and safety, even in unexpected occasions comparable to trade crashes, quick crashes and information manipulation assaults by way of flash lending.
what makes PancakeSwap so particular?
This platform is a fully-featured decentralized trade that enables customers to take care of possession of their cryptoassets by buying and selling on-chain, exchanging belongings with low charges and incomes returns on staked tokens. As well as, PancakeSwap gives NFT collectibles, prediction markets and way more.
Supply: pancakeswap.finance
The massive problem for PancakeSwap was to safe its prediction markets with entry to high-frequency market information, backed by a decentralized and clear infrastructure. These additionally required a impartial and decentralized settlement infrastructure to supply its customers a good and safe buying and selling expertise. After evaluating a number of options, PancakeSwap settled on Chainlink Knowledge Streams, because of essential options comparable to:
Sub-second value resolutions
Chainlink Knowledge Streams gives sub-second information supply utilizing battle-tested Oracle infrastructure, enabling a extremely environment friendly consumer expertise with out compromising Web3 values comparable to decentralization and transparency.
Frontrunning safety
Chainlink Knowledge Streams makes use of conflict-of-interest-free information sources and a compromise and disclosure structure to guard merchants and liquidity sources towards malicious value manipulation and knowledge arbitrage.
Decentralized on-chain execution
Knowledge Streams leverages Chainlink Automation for near-instantaneous, decentralized blockchain execution, eliminating centralized factors of failure throughout settlement and mitigating hostile choice threat.
Time-tested infrastructure
Chainlink is probably the most time-tested oracle resolution, serving to allow greater than $9 trillion in blockchain transaction quantity for main DeFi purposes.
Increased integrity predictability
PancakeSwap’s Head Chef, Chef Mochi, expressed his enthusiasm for the combination with Chainlink Knowledge Streams and Automation to drive PancakeSwap’s prediction markets.
🔗 Excited to announce our integration with @Chainlink Knowledge Streams and Automation for our upcoming prediction market on @arbitrum! Keep tuned for the launch. 🥞
⬇️ Be taught extra about how the Chainlink platform elevates DeFi with integrity and excessive efficiency. https://t.co/magLTmoM7k
— PancakeSwap🥞Everybody’s Favourite DEX (@PancakeSwap) December 19, 2023
The aim is to supply customers with greater integrity prediction markets by extracting extremely correct, recent and decentralized market information in the beginning and finish of every spherical.
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Chainlink, in the meantime, is positioned because the industry-standard decentralized computing platform powering the verifiable internet.
.@PancakeSwap is integrating #Chainlink Knowledge Streams and Automation on @arbitrum to assist energy its prediction markets.
How the Chainlink platform powers high-integrity and high-performance DeFi ⬇️https://t.co/PFygTV754G
— Chainlink (@chainlink) December 19, 2023
It has enabled greater than $9 trillion in transaction worth, offering monetary establishments, startups and builders worldwide with entry to real-world information, off-chain computing and safe interoperability between chains on any blockchain.
Chainlink powers verifiable purposes and high-integrity marketplaces for banking, DeFi, international buying and selling, gaming and different main industries.
This collaboration between PancakeSwap and Chainlink is not only a technical breakthrough; it breaks floor for safer, clear and environment friendly predictive operations in DeFi.
