Chainlink partners GMX DAO to revolutionize $487 trillion market – Can LINK reach new all-time high? Report
• GMX announces the integration of the Chainlink oracles to help them boost the security and the UX of the platform.
• GMX V2 will allocate 1.2 percent of the protocol fees to Chainlink for future development work as well as for supporting the low-latency oracles used by GMX V2.
Oracle service provider Chainlink has been working towards initiating some key partnerships in the blockchain space and the latest is the partnership with GMX decentralized autonomous organization (DAO).
In the latest, GMX announced that they have passed the proposal to integrate Chainlink’s new oracles by passing the GMX DAO snapshot vote with overwhelming support. GMX believes that integrating Chainlink oracles will help them significantly enhance both – the security and the UX of the platform.
Furthermore, the proposal also provides GMX the opportunity to make Chainlink the official Oracle partner for GMX V2. Besides, it will also make GMX the official launch partner of Chainlink’s new low-latency oracles. This would further help in boosting the GMX protocol’s resiliency as well as strengthen its decentralization.
Using Chainlink’s oracles, GMX V2 will get access to real-time market data for crypto as well as non-crypto assets. These oracles shall offer ultra-low latency price updates along with effective frontrunning mitigation. Additionally, they would be extremely gas-efficient to meet the traders’ needs.
Read More: https://www.crypto-news-flash.com/chainlink-partners-gmx-dao-to-revolutionize-487-trillion-market-can-link-reach-new-all-time-high-report/
• GMX announces the integration of the Chainlink oracles to help them boost the security and the UX of the platform.
• GMX V2 will allocate 1.2 percent of the protocol fees to Chainlink for future development work as well as for supporting the low-latency oracles used by GMX V2.
Oracle service provider Chainlink has been working towards initiating some key partnerships in the blockchain space and the latest is the partnership with GMX decentralized autonomous organization (DAO).
In the latest, GMX announced that they have passed the proposal to integrate Chainlink’s new oracles by passing the GMX DAO snapshot vote with overwhelming support. GMX believes that integrating Chainlink oracles will help them significantly enhance both – the security and the UX of the platform.
Furthermore, the proposal also provides GMX the opportunity to make Chainlink the official Oracle partner for GMX V2. Besides, it will also make GMX the official launch partner of Chainlink’s new low-latency oracles. This would further help in boosting the GMX protocol’s resiliency as well as strengthen its decentralization.
Using Chainlink’s oracles, GMX V2 will get access to real-time market data for crypto as well as non-crypto assets. These oracles shall offer ultra-low latency price updates along with effective frontrunning mitigation. Additionally, they would be extremely gas-efficient to meet the traders’ needs.
Read More: https://www.crypto-news-flash.com/chainlink-partners-gmx-dao-to-revolutionize-487-trillion-market-can-link-reach-new-all-time-high-report/
| 34,000 mlx | |
| 193 | |
| 5 |
0 comments