Chainlink And CF Benchmark Launch The CF Bitcoin Interest Rate Curve

Twitter icon  •  Published vor 2 Monaten  •  Hassan Maishera

Chainlink announced via Twitter on Thursday that it has launched the CF Bitcoin Interest Rate Curve (CF BIRC) in partnership with CF Benchmark.

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.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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