Sphynx Labs Integrates With Chainlink
Sphynx Labs, an AIO (All-in-One) decentralized exchange (DEX), has officially integrated three different decentralized services from Chainlink, the industry-leading decentralized oracle network.
Specifically, Sphynx Labs is enhancing the functionality of its platform by:
- . Helping ensure its drawing games are provably fair with Chainlink VRF
- . Implementing new stop-loss and take-profit order functionality in our DEX with Chainlink Keepers
- . Receiving accurate, real-time token pricing data with Chainlink Price Feeds
Chainlink VRF is a secure and auditable on-chain random number generator (RNG). Chainlink VRF provides a provably fair source of randomness that drawing games can use to select winners, with on-chain cryptographic proofs showing that the RNG process was tamper-proof.
Integrating Chainlink VRF was very important to bringing undeniable fairness and transparency to Sphynx Labs’ drawing games, as any user can now independently audit the integrity of the RNG to verify that it’s unbiased, unpredictable, and tamper-proof.
With the integration of Chainlink VRF, users can rest assured that all users have an equal opportunity of winning prizes while enjoying a fun and amazing new game.
ABOUT Sphynx Labs
Sphynx Labs is a multi-chain decentralized exchange, AMM, and launch pad that aims to provide an all-in-one solution for trading, farming, staking, and launching projects.
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
Medium
