#LIGHTLINK Archives - Smart Liquidity Research

API3 partners with LightLink

Mische Martinete — Wed, 29 May 2024 04:20:26 +0000

API3 partners with LightLink. The API3’s Oracle Stack is now available on Lightlink, providing developers with access to decentralized data feeds (dAPIs), on-chain QRNG for truly random numbers, and the upcoming OEV Network, which aims to recapture protocol MEV resulting from Oracle updates.

Developers on Lightlink can now access decentralized data feeds powered by first-party oracle nodes, which are operated directly by the data providers.

The launch of the OEV Network will provide protocols using API3’s decentralized data feeds on Lightlink with a fully integrated solution for recapturing MEV. Instead of losing value to searchers and block builders, the proceeds from Oracle update auctions are automatically returned to the originating dApp. This results in improved execution for users and enhanced performance for dApps.

What is LightLink

Lightlink is an Ethereum Layer 2 network that enables dApps and enterprises to provide users with instant, gasless transactions. It is the first L2 to leverage Optimum architecture with a proprietary stack that separates the consensus, execution, and data availability layers. This architecture allows Lightlink to achieve over 10,000 transactions per second at a cost of less than $0.01, without experiencing gas spikes.

Lightlink bridges decentralized applications to millions through enterprise partnerships, fostering a connected digital economy. Its Enterprise Mode uses a fixed-fee subscription model to eliminate gas fees, enabling high-speed, gasless transactions directly from MetaMask wallets. This design is ideal for developing new DeFi, SocialFi, and GameFi applications, creating an accessible onchain economy.

Developers Benefit

LightLink’s EVM-equivalent chain on Celestia lets developers use familiar tools like Solidity and Hardhat to easily migrate and scale dApps without code rewrites. Aiming to onboard millions into the digital economy via user-focused dApps and enterprise partnerships, LightLink simplifies blockchain technology, making it as intuitive as Web2.

Developers looking to utilize dAPIs on Lightlink can visit the API3 Market. The API3 Market provides an easy way to browse, access, and manage a wide variety of data feeds. It also includes crypto, forex, equities, and commodities. With the launch of OEV Network, developers will simply be able to read any data feed, enable OEV Network, and start earning.

IQ Protocol and LightLink Partnership

Mische Martinete — Sun, 12 May 2024 08:42:04 +0000

IQ Protocol and LightLink partnership has been announced. LightLink is an Ethereum Layer-2 blockchain that revolutionizes dApp and enterprise user experiences with instant, gasless transactions.

This partnership represents a major advancement in their goal to revolutionize Web3 gaming and NFT communities, introducing unmatched scalability, efficiency, and cost-effectiveness to their ecosystem.

LightLink: Empowering Gasless Transactions

With a token launch on April 24, 2024, and a live Mainnet since 2023, developers can now provide users with instant, gasless transactions through the Enterprise Mode.

Some key features of Enterprise Mode are:

Contract Address Whitelist: Developers activate a whitelist of contract addresses for gasless transactions.
Subscription-Based Gas Subsidies: Developers pay a monthly subscription fee to cover gas costs for whitelisted dApp users.
Seamless User Experience: Users interact with whitelisted dApps without transaction fees.

Empowering Web3 Gaming through IQ Protocol

Integrating IQ Protocol with LightLink is opening doors to a fresh era of decentralized gaming. By utilizing LightLink’s scalability and Enterprise Mode advantages, developers can craft engaging gaming experiences, offering users effortless access to NFTs and in-game assets. This collaboration marks a strategic move towards a more inclusive and user-focused gaming landscape.

What to Anticipate

As IQ Protocol partners with LightLink, exciting advancements are on the horizon for its community. Expect innovative developments such as:

Innovative Gaming Experiences: Immersive games powered by LightLink’s fast, gasless transactions.
Enhanced NFT Rental Solutions: Seamless rental and engagement with gaming NFTs.

IQ Protocol is a permissionless, open-source NFT rental technology that enables users to seamlessly discover and onboard blockchain games and NFT projects. Beyond rental infrastructure, IQ Protocol offers tailored solutions for games to enhance player engagement, activity, and liquidity.

LightLink is an Ethereum Layer-2 blockchain that provides immediate, gasless transactions with its innovative Enterprise Mode. Utilizing a proprietary stack including Celestia for data availability, PythApi3 for oracle data, and Unizen for cross-chain connectivity, LightLink ensures a smooth experience for enterprises, dApps, and users.