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).
We are glad to announced that Chainlink is coming to Heco soon!@chainlink pic.twitter.com/Yy1GeQlPxg
— Huobi ECO Chain (@HuobiECOChain) 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.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.