

Chainlink Weekly Roundup: MakerDAO, Starknet, Cryptex, Aave



Dominant smart contract oracle network Chainlink announced partnerships with MakerDAO, Starknet, Cryptex, BGD Labs, Aave and BENQUI.
Keeper, ZK-Rollup, JPEGz, Wrapped Tokens
Chainlink teamed up with several high-profile projects across the crypto universe this week, announcing partnerships with a Decentralized Finance (DeFi) pioneer, an innovative Layer-2 solution, a novel NFT marketplace index token and a major liquidity protocol.
In this week’s roundup:
- MakerDAO onboards Chainlink Automation as part of its Keeper Network.
- Starknet joins Chainlink SCALE.
- Cryptex Finance integrates NFT Floor Price Feeds to launch JPEGz.
- BGD Labs integrates Proof of Reserve (PoR) into Aave Protocol on Avalanche.
MakerDAO adds Automation to Keeper
MakerDAO has onboarded Chainlink Automation as part of its Keeper Network.
"The sophisticated technology and tools that quietly but constantly run in the background to ensure DAI's stability rely upon MakerDAO's Keeper Network. This network of automated bots perform essential tasks to maintain the Maker protocol and will be greatly expanded through the integration with Chainlink's renowned, hyper-reliable automation platform,” said Nadia Álvarez from MakerDAO's Growth Core Unit, in a press release.
MakerDAO governs the foundational DeFi lending protocol Maker Protocol and created the DAI stablecoin.
Automation will run specific tasks on the Maker Protocol smart contract system, such as Maker Oracle’s price updates, liquidity balancing for for the DAI Direct Deposit Module and debt ceiling upgrades for assets held as collateral. The addition of Automation to the third-party “Keepers” performing duties for Maker Protocol improves the decentralization of Maker and DAI’s core functionalities.
"The advancement of the technology backing stablecoins is a necessary component to unlock the future of finance. As more and more traditional financial institutions partner with MakerDAO and assess the applicability of DeFi, the required underlying infrastructure becomes increasingly complex,” Chainlink’s VP of Go-To-Market Johann Eid said. “Integrating Chainlink with MakerDAO demonstrates the necessity for highly performant automation infrastructure and indicates a prosperous future for decentralized financial services."
Two renowned security pillars of the decentralized financial system are now working together for the first time.
— Maker (@MakerDAO) February 9, 2023
We’re happy to announce that MakerDAO has onboarded @Chainlink Automation as part of its Keeper Network. pic.twitter.com/wjouZzcqpS
Chainlink + Starknet
Starknet is joining the Chainlink SCALE program to accelerate the growth and adoption of the Ethereum Layer-2 solution. Meanwhile, Chainlink Price Feeds are already on the Starknet testnet and will soon go live on its mainnet.
“Ultimately, we are excited to establish a sustainable system wherein Chainlink Labs and StarkWare are aligned on expanding application development on Starknet for the long term,” according to a StarkWare Medium post.
Starknet is a ZK-Rollup aiming to address scaling issues with the Ethereum mainnet. As part of the SCALE program, the yet-to-be-released $STKR will cover certain operating costs of Chainlink oracle nodes on Starknet.
2/ Through a strategic deployment of resources, @StarkWareLtd will cover certain operating costs for #Chainlink nodes on #StarkNet.
— Chainlink (@chainlink) February 6, 2023
As the StarkNet ecosystem grows, fees from dApps can eventually cover the full on-chain costs of Chainlink nodes.
NFT Index Token JPEGz
Cryptex Finance has integrated NFT Floor Price Feeds to launch JPEGz, the first NFT Market Cap Index token.
“Cryptex is thrilled to announce the creation of JPEGz, a fully collateralized, data-backed index token providing market cap exposure to the NFT sector,” Cryptex Co-Founder Joe Sticco said in a Medium post. “The robust calculation and secure delivery of NFT floor price data by Coinbase Cloud and Chainlink helps support the growth of this unique asset class.”
The JPEGz token will track the following Non-Fungible Token (NFT) collections: Azuki Official, Bored Ape Yacht Club, CloneX, Cool Cats, CrypToadz, CryptoPunks, Doodles, Mutant Ape Yacht Club, Vee Friends, and World of Women.
Cryptex had already integrated Chainlink oracle services and Price Feeds for its TCAP index token that tracks the total crypto market cap.
.@CryptexFinance has integrated #Chainlink NFT Floor Price Feeds to help underpin JPEGz—an #NFT market cap index token tracking top NFT collections.
— Chainlink (@chainlink) February 7, 2023
Discover how NFT Floor Price Feeds are unleashing innovation in the NFT ecosystem ⬇️https://t.co/vM3V4DSr2o
Chainlink + Aave on Avalanche
Web3 development initiative BGD Labs announced the integration of Chainlink Proof of Reserve (PoR) on the Aave lending protocol on Avalanche.
"We're pleased to support the Aave Protocol and community by integrating Chainlink Proof of Reserve," BGD Labs Co-Founder Ernesto Boado said in a press release. "This integration helps prevent undercollateralized bridged assets on Aave markets on Avalanche, helping to reduce the technical and economic risks associated with liquidity pools involving bridged assets."
The PoR integration helps ensure that wrapped tokens in Aave markets on Avalanche are sufficiently collateralized. The PoR feeds now support AAVE.e, DAI.e, LINK.e, WBTC.e and WETH.e.
"Real-time access to the state of cross-chain liquidity pools increases the transparency and verifiability of the Aave market on Avalanche," Aave Companies Founder and CEO Stani Kulechov said. "Bringing additional visibility into reserve collateral is a necessary step forward and will help build more confidence and trust with end-users."
In 2022, Chainlink oracles helped enable transaction flows totaling more than $2 trillion.
"We are excited that Aave is using Chainlink Proof of Reserve to help ensure that cross-chain assets in Aave pools on Avalanche are sufficiently collateralized," Chainlink Co-Founder Sergey Nazarov said. "Fully-decentralized, automated verification through Chainlink PoR helps mitigate undercollateralization risks that cross-chain bridges can pose to Aave markets."
.@bgdlabs has integrated #Chainlink PoR into @AaveAave to help ensure wrapped tokens in Aave markets on #Avalanche are sufficiently collateralized.
— Chainlink (@chainlink) February 7, 2023
See how PoR helps mitigate risks associated with cross-chain bridges through trust-minimized verification.https://t.co/1N4g0VBGZ2
Also on Avalanche, money market protocol BENQI has integrated PoR and Automation to help secure cross-chain asset lending and borrowing for BTC, ETH, DAI, USDC and USDT.
For more information, read this BENQI Medium post.
.@chainlink Proof of Reserve is now integrated into the BENQI Liquidity Market, securing cross-chain asset lending and borrowing for BTC, ETH, DAI, USDC and USDt.
— BENQI🔺 (@BenqiFinance) February 9, 2023
Read more about it below 👇https://t.co/YiTpvYHnxJ
Last four weekly Chainlink Roundups:
- Feb. 5: Picardy Protocol, Icetea Labs
- Jan. 29: $7 Trillion, FilSwan, Karto Cars
- Jan. 22: Etherisc, OpenEarth, Planet IX, EMP Money
- Jan. 15: Mind Network, Polarys, Festa do Taipe
- Jan. 8: Cask, OnePlanet, Kwil, 2022 Highlights
What is 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.
Where to find Chainlink:
Website | Twitter | Docs | Community
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Community Engagement Showdown: Exploring The Strategies Of DogeMiyagi, Chainlink, And Ripple

DogeMiyagi stands out with its unique approach and entertaining nature, appealing to a wide audience and fostering community involvement.
Community engagement strategies play a pivotal role in shaping the success and growth of various platforms in the realm of cryptocurrency. This article explores and analyzes the community engagement strategies employed by three prominent players in the crypto space: DogeMiyagi, Chainlink, and Ripple. By examining their approaches and their impact on platform growth, this article aims to shed light on the diverse strategies employed within the industry.

DogeMiyagi: Embracing Camaraderie And Memes
DogeMiyagi, a captivating new meme token, has emerged with a unique approach to community engagement. Inspired by the legendary martial arts master, Mr. DogeMiyagi, this platform harnesses the power of camaraderie and the indomitable spirit of its community. With a comical tone, DogeMiyagi appeals to individuals seeking both entertainment and investment opportunities in the crypto-verse.
The platform encourages users to connect their wallets and generate unique referral codes, allowing them to easily share the opportunity with friends, family, and online connections. Each time someone uses their code to purchase $MIYAGI tokens, they earn a generous 10% commission on the investment, automatically credited to their wallet. This incentivized referral system promotes community involvement and rewards active participants, fostering a sense of belonging and collective growth.

Chainlink: Empowering The Decentralized Oracle Network
In contrast to DogeMiyagi's lighthearted approach, Chainlink focuses on building a robust decentralized oracle network that connects smart contracts with real-world data. With a strong emphasis on reliability and security, Chainlink's community engagement strategy revolves around educating and collaborating with developers, enterprises, and blockchain enthusiasts.
Chainlink actively engages with the community through various channels such as developer grants, hackathons, and forums. They provide comprehensive documentation, tutorials, and developer resources to encourage the integration of Chainlink's oracle solutions into diverse blockchain ecosystems. By fostering collaboration and supporting developers, Chainlink aims to establish itself as the go-to oracle provider in the industry, driving growth through partnerships and innovation.
Ripple: Facilitating Cross-Border Transactions
Ripple, a renowned player in the crypto space, offers a unique approach to community engagement with a specific focus on facilitating seamless cross-border transactions. Ripple's platform aims to revolutionize the traditional financial system by providing faster and cost-effective international payment solutions.
Ripple engages with its community by partnering with financial institutions and industry leaders, building a network that enables frictionless global transactions. Through educational initiatives, conferences, and webinars, Ripple educates both consumers and businesses about the benefits of blockchain technology and its potential to transform the financial landscape. By collaborating with established players and advocating for regulatory clarity, Ripple seeks to create an environment conducive to the widespread adoption of cryptocurrencies, thus driving its own growth and that of the crypto industry as a whole.

In the crypto landscape, community engagement strategies play a pivotal role in shaping the growth and success of platforms. DogeMiyagi's approach, driven by camaraderie and a comical tone, taps into the power of memes and incentivized referrals, fostering a strong community bond. Chainlink, on the other hand, focuses on education, collaboration, and technological innovation to position itself as a trusted oracle provider. Ripple's strategy revolves around partnerships, regulatory advocacy, and the facilitation of cross-border transactions to drive the adoption of blockchain-based financial solutions.
While all three platforms demonstrate their strengths and contributions to the crypto industry, DogeMiyagi's unique approach and entertaining nature set it apart. Its emphasis on camaraderie, memes, and incentivized referrals appeals to a wide audience and fosters a strong sense of community involvement.
For those interested in exploring the world of cryptocurrencies and discovering unique opportunities like DogeMiyagi, join the meme coin revolution, and embark on an exciting journey with DogeMiyagi.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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