Aurora Is Integrating With Chainlink Price Feeds Oracle Network
Aurora is thrilled to announce that they are integrating the industry-standard Chainlink Price Feeds into its turn-key, Layer 2 EVM solution for scaling the Ethereum ecosystem. The integration of Chainlink Price Feeds will allow developers to connect their smart contracts to high-quality, tamper-proof price data across a wide range of assets, ultimately establishing support for DeFi use cases such as money markets, algorithmic stablecoins, synthetic assets, options and futures contracts, asset management services, and much more.
The result is Ethereum-based DeFi projects being able to seamlessly extend their projects onto the NEAR blockchain using oracle infrastructure that they already trust and know, along with enhanced scalability and lower costs enabled by Aurora L2.
“As the most widely adopted oracle solution on Ethereum, Chainlink Price Feeds are key to growing the Aurora ecosystem and creating a fluid transition for Ethereum dApps tapping into the NEAR ecosystem. With a proven track record of successfully securing high-value smart contracts, Chainlink Price Feeds will give Aurora developers plug-n-play decentralized price oracles, which they can use to quickly build and deploy DeFi applications across a variety of use cases and asset types.” — Dr. Alex Shevchenko, Founder of Aurora.
Aurora is an EVM-based solution that serves as a fully compatible L2 for Ethereum-based dApps wanting to deploy on the NEAR blockchain. The Aurora environment is made up of the Aurora Bridge—a cross-chain bridge that allows users to transfer ETH and ERC-20 assets between Ethereum and Aurora—and the Aurora Engine, a high performance EVM. Through the combination of these two, smart contract developers can attract Ethereum users by making it easy to enter the Near ecosystem and enjoy a similar EVM experience, such as paying fees in ETH.
ABOUT Aurora
Aurora is an EVM built on the NEAR Protocol, providing a solution for developers to deploy their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs for their users.
ABOUT Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
RESOURCES
https://aurora.dev/blog
