Join Our Mailing List
Monday December 11, 2023
Bitcoin (BTC) $42,364.35   Ethereum (ETH) $2,250.17
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Featured

Synthetix Exchange live with first decentralized price feeds from Chainlink

Published by CryptoNinjas.net
12/18/2019
A A
Synthetix Exchange live with first decentralized price feeds from Chainlink

Synthetix, a platform that enables the creation of on-chain synthetic assets (Synths) on Ethereum, announced today that its integration with oracle service Chainlink is now live.

The integration provides decentralized price feeds for a select group of Synthetix’s FX and commodity Synths. The following assets have been chosen for the initial deployment:

  • AUD/USD (sAUD — Australian Dollar)
  • EUR/USD (sEUR — Euro)
  • CHF/USD (sCHF — Swiss Franc)
  • GBP/USD (sGBP — Pound Sterling)
  • JPY/USD (sJPY — Japanese Yen)
  • XAU/USD (sXAU — Gold per ounce)
  • XAG/USD (sXAG — Silver per ounce) – Reference Data Example

Decentralizing these price feeds allows traders on Synthetix.Exchange to gain exposure to more traditional assets on-chain, while remaining in full custody of their funds.

“Given our reliance on regular price feeds for our derivatives trading mechanism, finding a robust decentralized oracle solution has always been at the top of our priority list. Chainlink delivers the solution, deployed by an excellent team and supported by an invaluable community.”
– Synthetix Founder, Kain Warwick

Once these live assets have been proven to work successfully with Chainlink’s inputs, Synthetix and Chainlink will look to integrate another wave of synthetic assets, including cryptocurrencies and indices.

“We are very excited to work closely with Synthetix to help further decentralize their platform using provably secure data oracles. This integration is an evolution in DeFi applications, which showcases how decentralized financial products can maintain end-to-end security via reliable oracles and tamperproof data feeds. Decentralizing maintenance of data feeds is one of the next leaps for DeFi, and we are thrilled about being part of helping add this additional level of decentralization to a market-leading decentralized application like Synthetix.”
– Chainlink Co-Founder, Sergey Nazarov

63
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

Chainlink Keepers chosen to automate impermanent loss protection payouts on Armadillo

07/22/2022
Chainlink Keepers chosen to automate impermanent loss protection payouts on Armadillo

Armadillo, a multi-chain impermanent loss (IL) protection solution powered by the Crypto Volatility Index (CVI) from COTI, will be using Chainlink Keepers on Polygon to automate IL protection payout. CVI operates a basket of...

Read more

Storage blockchain Crust Network to launch External Adapter on Chainlink

06/06/2022
Storage blockchain Crust Network to launch External Adapter on Chainlink

Crust Network, a decentralized storage protocol based on IPFS that delivers file storage and hosting, today announced that it is launching an External Adapter on the Chainlink Network, the foremost decentralized oracle solution. Through...

Read more

Proofi by LTO Network to bring its KYC solution to DeFi and blockchains via Chainlink

05/30/2022
Proofi by LTO Network to bring its KYC solution to DeFi and blockchains via Chainlink

Dutch blockchain LTO Network, today announced that Proofi by LTO Network will make its identity data available to the multi-chain DeFi ecosystem via Chainlink, the leading blockchain oracle solution. Chainlink is integral to this...

Read more

Aussie crypto exchange CoinJar integrates Chainlink to improve user experience

01/05/2022
Aussie crypto exchange CoinJar integrates Chainlink to improve user experience

CoinJar, an Australian-based crypto exchange platform operating in both Australia and the UK, today announced that it is integrating Chainlink Price Feeds to help bring accurate fair market rates to its cryptocurrency exchange. With...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
The Best Crypto Casinos: Where Blockchain Meets Gaming Excitement

The Best Crypto Casinos: Where Blockchain Meets Gaming Excitement

12/08/2023
Crypto quant trading platform AlgoTrader completes CHF 3.7M Series A funding

Crypto quant trading platform AlgoTrader completes CHF 3.7M Series A funding

01/08/2020
LiquidApps releases customizable enterprise blockchain specific solution: LiquidChains

LiquidApps releases customizable enterprise blockchain specific solution: LiquidChains

02/20/2020
P2P crypto trading network AirSwap introduces on-chain limit order feature

P2P crypto trading network AirSwap introduces on-chain limit order feature

02/07/2020
Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

11/20/2023
4 Things We’ve Learned About Owning Bitcoin in 2023

4 Things We’ve Learned About Owning Bitcoin in 2023

11/13/2023
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy