The TRON DAO has announced a strategic partnership with Chainlink through the Chainlink SCALE program.
As part of this partnership, TRON will integrate Chainlink’s decentralized Data Feeds across its blockchain, replacing its current oracle provider, WINkLink.
This move is expected to bolster TRON’s nascent DeFi ecosystem, which includes key platforms like JustLend and JustStable, with a combined total value locked (TVL) exceeding $6.5 billion. The collaboration with Chainlink will provide the ecosystem with high-quality, reliable market data, enhancing the security and functionality of its DeFi applications.
We’re excited to join the @Chainlink Scale program and adopt #Chainlink Data Feeds as TRON’s official oracle solution.
TRON’s participation in the Chainlink Scale program will accelerate ecosystem growth and adoption by providing developers with sustainable access to… pic.twitter.com/aoRfSTbZxt
— TRON DAO (@trondao) October 31, 2024
The TRON DAO will initially cover certain operational expenses, such as transaction gas fees, for Chainlink oracle networks, with the goal of transitioning these costs to be covered by dApp user fees as the ecosystem expands.
Chainlink Labs’ Head of Blockchain Partnerships, Thodoris Karakostas, expressed enthusiasm about the collaboration, highlighting that Chainlink’s decentralized market data will empower TRON’s developers to build robust DeFi applications that advance the decentralized internet.
TRON DAO’s community spokesperson, Sam Elfarra, emphasized that the integration with Chainlink aligns with TRON’s commitment to offering unparalleled security and reliability within the blockchain industry.
Notably, the move comes on the heels of another partnership involving TRON. The blockchain network recently partnered with stablecoin issuer Tether and blockchain intelligence firm TRM Labs to create the T3 Financial Crime Unit (T3 FCU), a new initiative focused on countering illicit activities associated with Tether’s USDT on the TRON blockchain. This unit utilizes TRM Labs’ expertise and partnerships with law enforcement to pursue its goals.
Also, Chainlink recently introduced new privacy-preserving technology on October 22 in a move which it claimed will boost its platform’s security and encourage crypto adoption. The new tech includes two major features designed to help financial institutions safeguard sensitive data during blockchain transactions. The Ethereum-based Oracle platform stated new features demonstrate its commitment to secure and private data solutions for enterprise use.
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