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 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.
