Chainlink, a provider of decentralized oracles, has introduced Data Streams, a low-latency oracle with automated trade execution for DeFi markets.
Using a decentralized architecture, Data Streams provides high frequency data markets. This solution was initially made available for early access by Chainlink on Arbitrum.
Two key components make up the innovative development: low-latency oracles that deliver market data in an off-chain stream and automation infrastructure that supervises transactions and gathers off-chain market data before sending it for settlement.
With the help of Data Streams, decentralized exchanges may now provide traders with a user experience similar to CEX, and a large number of other dApps have access to high-frequency data from onchain markets.
Data Streams, which was first introduced on Arbitrum, today drives GMX, a decentralized derivative exchange that provides decentralized future trading for a variety of assets.
Data Streams “enable DeFi apps to create a safe trading experience at scale with the support of decentralized infrastructure and conflict-of-interest-free data.” In the press release, Chainlink says, “This means users receive fair execution on trades and protection from toxic flow, frontrunning, and adverse selection.”
The largest decentralized oracle provider, Chainlink, secures the whole DeFi ecosystem with its quick and effective market data across many chains.
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