dxFeed x Chainlink Integration
dxFeed, a leading financial data and services provider for the global markets, both traditional and crypto, is expanding the datasets made available on the Ethereum and Binance Smart Chain mainnets through Chainlink node.
Developers will soon be able to call the dxFeed Chainlink node to access BTC and ETH options analytics data, including implied volatilities for options markets. This comes in addition to real-time pricing data we currently offer for a range of equities and cryptocurrencies.
Their new advanced analytics data service offered through Chainlink will give DeFi developers highly refined options data, both at-the-money and VIX-style implied volatilities on BTC and ETH.
In dxFeed option analytics solution they apply a model-free algorithm that works well on both low and high liquidity markets as well as in cases of high volatility. This algorithm allows us to provide:
- Prices that fit the market best
- Arbitrage-free prices across an option class
- Smooth price and volatility curves
They are working extensively with the Chainlink Labs team to validate the calculation methodology so that blockchain-based derivatives markets for cryptocurrencies can reliably price options contracts using enterprise-grade data. They plan to develop volatility calculations for additional tokens in the future as the options markets continue to evolve.
As a cloud-based data solutions provider, dxFeed provides an extensive list of real-time and historical market data across the United States, European Union, Turkey, Brazil, and other global markets, as well as reference data, corporate actions, “time machine” market replay, aggregated and calculated data services. Powering over 2.5M financial instruments for leading financial institutions, our data API infrastructure features a 99.99% uptime track record thanks to having the most advanced compression, storage, extraction, and streaming protocol mechanisms in the industry.
By continuing to supply DeFi with accurate, cryptographically signed financial market data through the dxFeed Chainlink node, a wide range of applications can be constructed based on various cryptocurrency assets and industry trends that users want to gain exposure to. Such applications can include options contracts, synthetic assets, automated trading strategies, algorithmic assets, and much more. They look forward to consistently expanding our on-chain datasets and feel confident IV data will empower maturation in DeFi options markets.
What is Chainlink?
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
What is dxFeed?
dxFeed is a leading market data and services provider and calculation agent for the capital markets industry and, according to the WatersTechnology 2020 IMD & IRD awards honors, the Best Analytics and Technology Provider. dxFeed’s primary focus is delivering financial information and services to buy- and sell-side institutions in the global markets, both traditional and crypto. This includes brokerages, prop traders, exchanges, individuals (traders, quants, portfolio managers), and academia (educational institutions and researchers).
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