ChainLink has launched a new product for the decentralized financial market.
According to a blog article, the ChainLink DEFI performance index is a data product that operates the decentralized standard of the Oracle network to aggregate loan rates through the decentralized financial ecosystem.
ChainLink (Link) has integrated the space and time of the zero knowledge proof data platform to introduce Link Defilink’s performance index on the market. Space and Time is a leading data warehouse that recently raised $ 20 million from venture capital investors.
The DEFI performance index uses the indexer and the space and time blockchain database to provide activity on the chain in real time to the index, guaranteeing precision, robustness and representativeness market.
ChainLink says its new decentralized financial product will benefit the institutions of capital markets, decentralized funding protocols and the wider community of users. These participants can take advantage of the index for performance opportunities, risk management and effective capital deployment.
“Chainlink has established itself as the standard for verifiable data through DEFI and the emerging onchain financing ecosystem, and the space and time provides a transformative database solution that unlocks the use cases Web3 advanced, “said Scott Dykstra, co-founder of space and time. “We are delighted to provide the indexing and infrastructure of the database to support the calculations of Link DEFI performance indices and allow financial institutions to seize more opportunities in the public blockchain public ecosystem. »»
Initially, the index will be calculated for the assets of the largest and most liquid decentralized financial market, including the USD part, the attachment, the wrapped bitcoin and Ethereum wrapped. ChainLink will serve as an index administrator, while space and time will act as a calculation agent, guaranteeing equity, precision and transparency.
The DEFI performance index is added to the growing suite of ChainLink products, which includes chain price food, data flows, transversal interoperability protocol and proof of reserve, among others.
