GasStation, An Ethereum Gas Spot Market, Joins Chainlink Build

Twitter icon  •  Published vor 3 Wochen  •  Hassan Maishera

GasStation joining Chainlink Build to gain enhanced access to Chainlink's oracle services and technical support, which helps support the security and use of its Ethereum gas spot market.

Chainlink announced via X on Tuesday that GasStation joining Chainlink Build to gain enhanced access to Chainlink's oracle services and technical support, which helps support the security and use of its Ethereum gas spot market.

As part of Build, GasStation will receive key benefits, including access to and integration of Chainlink Price Feeds to access accurate and tamper-proof market data for its GIX token along with CCIP to enable its protocol to seamlessly tap into the cross-chain ecosystem. GasStation will also gain access to new Chainlink product alpha and beta releases, among other benefits.

In return, GasStation will make 5% of its total native token supply available to Chainlink service providers, including stakers. The GasStation protocol monitors Ethereum gas prices in real time, enabling users to hedge against operating costs, trade on volatility, and subsidize transaction fees. By simplifying and stabilizing transaction costs, it enables a more user-friendly experience, encouraging greater participation in the blockchain ecosystem.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up 2.8% over the past 24 hours and is trading at $10.65 at press time.

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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.