Chainlink announced via Twitter on Thursday that it has launched the CF Bitcoin Interest Rate Curve (CF BIRC) in partnership with CF Benchmark. CF BIRC is a replicable, market-representative, and manipulation-resistant benchmark providing a standard market gauge of current and forecasted Bitcoin interest rates over a set of maturities.
Chainlink added that the introduction of CF BIRC seeks to enable more predictable lending and borrowing, increased capital efficiency, and a more robust foundation upon which digital asset derivatives markets can grow.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 1% over the past 24 hours and is trading at $7.804 at press time.