Orbs devine sponsor oficial al rețelelor de date de referință Chainlink pentru a susține feed-uri de preț exacte în DeFi

[PRESS RELEASE – Tel-Aviv, Israel, 11th June 2021]

Orbs has officially become an official sponsor of Chainlink Reference Data Networks, supporting the oracle price feeds.

The sponsorship means that Orbs is helping secure and decentralize Chainlink oracles, while at the same time enabling smaller projects to use Chainlink free of charge. The oracle network currently relies on sponsors to incentivize the data providers and pay for their services, which means that sponsors are vital to the success of the Chainlink network.

Orbs is sponsoring Chainlink’s USD pairs, and the ETH/USD pair, specifically. It joins a list of leading DeFi protocols and infrastructure providers who benefit from the success and resilience of Chainlink’s tamper-proof oracle network. Chainlink is currently the market standard for decentralized, sybil resistant, and manipulation-resistant oracles. The Chainlink Price Feeds are vital for a number of DeFi projects which require accurate price data that resists manipulation attempts on one or several trading venues.

Orbs recently began using Chainlink Price Feeds for its Liquidity Nexus protocol, an innovative solution to reduce impermanent loss in AMMs by splitting the two sides of a traditional liquidity pool. This allows users who only want exposure in USD, primarily Orbs’ enterprise partners, to collect a portion of the fees in leading DEXs without necessarily acquiring exposure to cryptocurrencies. In contrast, crypto enthusiasts can collect the same fees while maintaining single-sided exposure and reduce impermanent loss compared to a 50-50 portfolio split.

“True to the community spirit, Chainlink’s price feeds are maintained on a voluntary basis,” said Tal Kol, Co-Founder of Orbs. “We think it’s important to give back to the community from something you strongly benefit from, which is why we decided to sponsor the Chainlink reference data networks after a successful integration. We hope this will help further support and grow the network, and enable more projects to build resilient products with this data.”

Orbs is an enterprise-focused project that has been particularly active in the DeFi space, seeking to bridge enterprise with the revolutionary financial ecosystem with Liquidity Nexus. Orbs is heavily involved in funding and supporting upstart DeFi projects, both through an in-house Grants program and the DeFi.org accelerator, launched in 2021 as the result of a collaboration with Binance.

Despre Orbs

Orbs is a public blockchain infrastructure designed for mass usage applications – offering developers a proper mix of performance, cost, security, and ease of use. The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. Founded in 2017, Orbs is being developed by a dedicated team of more than 30 people out of its offices in Tel Aviv, Israel, Singapore, Tokyo Japan, and Seoul, South Korea. Orbs was named Gartner’s “Cool Vendor in Blockchain Technology” for 2018
Orbs has been particularly active in the DeFi space and is heavily involved in funding and supporting upstart DeFi projects, both through an in-house Granturi program and the DeFi.org accelerator, launched in 2021 as the result of a collaboration with Binance, with its latest push into DeFi space being launch of the Liquidity Nexus, has been launch of the Liquidity Nexus.

For more information, please visit www.orbs.com, or join our community at:

Telegram: https://t.me/OrbsNetwork

Twitter: https://twitter.com/orbs_network

Despre Chainlink

Chainlink este cel mai utilizat și mai sigur mod de a alimenta contractele inteligente conectate universal. Cu Chainlink, dezvoltatorii pot conecta orice blockchain cu surse de date de înaltă calitate din alte blockchain, precum și cu date din lumea reală. Gestionat de o comunitate globală, descentralizată de sute de mii de oameni, Chainlink introduce un model mai echitabil pentru contracte. În prezent, rețeaua sa asigură o valoare de miliarde de dolari pentru contractele inteligente în ecosistemele financiare descentralizate (DeFi), asigurări și jocuri, printre altele.
Chainlink is trusted by hundreds of organizations to deliver definitive truth via secure, reliable data feeds. To learn more, visit chain.link, subscribe to the Chainlink newsletter and follow @chainlink on Twitter.