Hassan Maishera
Chainlink announced via X on Friday that MUX Protocol, a perpetual aggregator, has integrated Chainlink Data Streams on Arbitrum. The MUX team said Chainlink Data Streams are being integrated for three core functions: Opening and closing trades, triggering liquidations, and executing conditional orders.
Chainlink Data Streams offer sub-second price resolution that’s underpinned by proven Chainlink infrastructure, which remains reliable even amidst unexpected events. This gives MUX users valued security, reliability, and trust-minimization guarantees around the price data used to power trades on MUX, the team added.
Furthermore, Chainlink Data Streams make use of conflict of interest-free data sources and a commit and reveal architecture that helps ensure traders and liquidity sources are protected against malicious price manipulation and information arbitrage. This spearheads a safe trading environment that puts the user first by creating a level playing field for all market participants.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 1% over the past 24 hours and is trading at $15.486 at press time.
