Chainlink will be natively integrated into Huobi ECO-Chain (Heco) as the recommended oracle solution for smart contract applications launching on its blockchain.
The integration will focus on making Chainlink price feeds available to DeFi applications that will launch on Heco.
It will also enhance a variety of other Chainlink oracle services including the Verifiable Randomness Function (VRF), which can be used to create and launch non-fungible tokens (NFTs).
Huobi’s ECO Chain is a public blockchain that provides developers with a low-cost on-chain environment for running decentralised smart contract applications (dApps) and storing digital assets.
We are glad to announced that Chainlink is coming to Heco soon!@chainlink pic.twitter.com/Yy1GeQlPxg
— HECO Chain (@HECO_Chain) January 4, 2021
“We’re excited to expand the amount of value that can be created within the Huobi ecosystem by providing Heco developers with built-in access to Chainlink’s decentralised oracle network,” stated Ciara Sun, Vice President, Global Business at Huobi Group.
“By offering applications a secure and reliable connection to the real world, a plethora of advanced data-driven use cases can take root on Heco in the fields of DeFi, insurance, gaming, supply chain, and more. Heco will facilitate the integration of on-chain and off-chain worlds together with Chainlink .”
Chainlink’s decision to integrate with the Heco Chain follows a year of proliferation for DeFi projects, with the rise of autonomous market makers and platforms like Uniswap bringing in new investors.
At the time of writing Chainlink is trading at $13.75 after failing to achieve a new yearly high above $16 over the weekend.
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