• Chainlink Automation, a decentralized oracle solutions provider, successfully integrates with the Optimism network to bolster DeFi capabilities.
• The partnership combines Chainlink’s tamper-proof data inputs with Optimism’s scalable Layer 2 technology, promising enhanced scalability, reduced costs, and increased security for DeFi applications.
• The integration of Chainlink Automation on the Optimism network strengthens the reliability and security of data transfers within the DeFi ecosystem.
Chainlink Automation Enables Secure Data Transfers for DeFi
Chainlink Automation, a leading provider of decentralized oracle solutions, has announced its successful integration on the Optimism network. This collaboration marks an important milestone in the evolution of decentralized finance (DeFi) by enabling secure and efficient data transfers for a wide range of applications.
Chainlink & Optimism Partnership
The partnership between Chainlink and Optimism holds great promise for the DeFi ecosystem as it combines Chainlink’s tamper-proof data inputs with Optimism’s scalable Layer 2 technology. This combination promises enhanced scalability, reduced costs, and increased security for DeFi applications, enabling complex functions with trust and confidence.
Benefits of Integration
The integration of Chainlink Automation on the Optimism network further strengthens the reliability and security of data transfers within the DeFi ecosystem. By leveraging optimistic rollups, transactions are able to be significantly faster while reducing costs compared to operating solely on Layer 1. Additionally, smart contracts are able to securely connect with real-world data sources thanks to Chainlink’s tamper-proof oracles networks.
Enabling Complex Functions with Trust & Confidence
By providing tamper-proof and verifiable data inputs through its oracle networks, Chainlink ensures developers can confidently execute complex functions such as price feeds and asset valuations without risk of tampering or manipulation. Additionally, these functions benefit from being run on top of Optimism’s Layer 2 platform which enhances transaction throughput while reducing costs compared to running solely on Ethereum’s Layer 1 blockchain solution.
The collaboration between Chainlink Automation and Optimism is a major step forward in advancing DeFi capabilities by providing secure and reliable data transfer solutions that enable complex functions with trust and confidence at scale.