Swell Network Integrates Chainlink Price Feeds And Proof Of Reserve On Ethereum

Twitter icon  •  Published hace 1 año  •  Hassan Maishera

The Chainlink team announced via Twitter on Thursday that ETH liquid staking protocol Swell Network has integrated Chainlink Price Feeds and Proof of Reserve on Ethereum.

The Chainlink team announced via Twitter on Thursday that ETH liquid staking protocol Swell Network has integrated Chainlink Price Feeds and Proof of Reserve on Ethereum.

The integration of the Chainlink Proof of Reserve is to help ensure that its liquid staking receipt token (LSRT) is always fully backed by staked ETH on a 1:1 basis. Swell Network is also using Price Feeds to provide hyper-reliable gas cost estimates for transactions in USD.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by more than 1% over the past 24 hours and is trading at $9.017 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.