Chainlink Weekly Roundup: Truflation, Crabada and Sam Bankman-Fried


Chainlink gets ready to host thousands of the world’s best devs, innovators, and entrepreneurs offline while continuing to expand online.
On Multiple Fronts
As more industry luminaries get confirmed for the third edition of Chainlink’s SmartCon, the oracle network expands across more Web3 protocols and helps measure real inflation.
In this week’s roundup:
- FTX Founder and CEO Sam Bankman-Fried joins SmartCon.
- Truflation launches an independent inflation index powered by Chainlink.
- Crabada integrates Chainlink VRF and Keepers into its Daily Lucky Draws.
Sam Joins Eric, Balaji and Sergey
SmartCon takes place in September in New York City and shapes to be a keystone event for the blockchain industry.
“Looking forward to sitting down with a few community members at SmartCon 2022 to discuss Chainlink, the future of smart contracts, or just deeper philosophical questions about life. Excited to see all of you in person, there will be a lot of great events and speakers throughout,” tweeted Sergey Nazarov, Co-Founder of Chainlink.

The conference will feature leaders, builders, and contributors at the front lines of Web3 innovation. Some of the attendees include:
- Eric Schmidt, Former CEO of Google
- Sergey Nazarov, Co-Founder of Chainlink
- Sam Bankman-Fried, Founder and CEO of FTX
- Balaji Srinivasan, Angel Investor
- Jonathan Ehrenfeld Solé, Strategy Director of SWIFT
- Stani Kulechov, Founder and CEO of AAVE
Real Inflation Higher Than Official Figures?
Truflation released an independent U.K. inflation index powered by the Chainlink data-oracle network.
The data aggregator released the U.S. inflation index in December and is now adding U.K. inflation data to the app. The Truflation YoY index places U.K. inflation at 13.72% – almost 50% more than the official figure reported by the U.K.’s Office for National Statistics of 9.4%.
The integration was revealed to BSC News by the Chainlink team via press release.
“Current inflation measurements around the world are using methodologies that are over a century old. So how can we make informed and timely decisions using metrics that pre-date WWI; before the internet, mobile phones, social media, or data analytics?” asks Stefan Rust, Founder and CEO of Truflation.

Since 2021, many parts of the world have suffered from unusually high inflation. To confront this growing phenomenon, the industry needs access to more robust data.
While official CPIs calculate inflation using customer and merchant surveys, the app gathers real-time sales information from merchants, combining ~6 million prices to calculate actual consumer inflation.
Each metric can now be incorporated through Chainlink into smart contract applications across Ethereum, Avalanche, Fantom and BNB Chain.
Seamless and Tamper-Proof Draws
Crabada, a PlayandEarn idle game on Avalanche, integrated Chainlink Verifiable Random Function (VRF) and Chainlink Keepers to help secure and automate the Daily Lucky Draws.
“We integrated Chainlink VRF and Chainlink Keepers into our Lucky Draw smart contracts to help select winners using a provably fair RNG and help automate critical functions in a highly secure manner. The integration process for Chainlink VRF and Keepers was seamless — we’d highly recommend any GameFi project to take advantage of Chainlink’s industry-leading services,” said OxTender, co-founder of Crabada.
- Chainlink VRF is a popular random number generator (RNG) solution that helps select winners in a verifiably random and provably fair manner. This means no one can tamper with the process or predict the draw results.
- Chainlink Keepers is a secure and decentralized contract automation service that helps make these draws as seamless as possible.

Check out BSC News' weekly roundup to keep up with the latest regarding the smart contract powerhouse.
Last four editions:
- July 23: Bybit, Armadillo, Solanart and Aavegotchi
- July 16: Degis, Overtime and Potluck Labs
- July 9: OpenLuck, MoonDAO, RoboVault and Dvision
- June 30: PancakeSwap, Fantom and Global Warming
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
What Is Truflation:
Truflation is an economic data aggregator serving independent, unbiased, real-time data on-chain and off-chain. Truflation aims to help individuals, investors, companies, and institutions make more informed decisions by accessing independent and impartial economic information.
Where to find Truflation:
What Is Crabada:
Crabada is an exciting play-and-earn idle game based in a world filled with fierce fighting Hermit-Crabs called Crabada (the NFTs). Players will rediscover the prosperous ancient kingdom of Crabada and earn rewards through activities such as mining, looting, breeding, battling, exploring, crafting, and more!
Where to find Crabada:
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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 $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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Chainlink Launches Staking v0.2 With Exclusive Migration Window for Early Adopters

Accoriding to the Chainlink team, the upgrade, known as Chainlink Staking V0.2, brings a range of enhanced features and opportunities for community members and node operators.
Chainlink Unveils Staking V2
Chainlink has introduced the latest upgrade to its native staking protocol with the launch of Chainlink Staking v0.2.
As per a press release, existing v0.2 stakers can migrate their staked LINK and accrued rewards starting Nov. 28 until Dec. 6. This nine-day Priority Migration phase reportedly guarantees a seamless transition for early participants.
#Chainlink Staking v0.2 is officially live on mainnet ⬡
— Chainlink (@chainlink) November 28, 2023
Starting today, existing v0.1 stakers have a nine-day window to migrate their staked LINK and accrued rewards to the 45M LINK v0.2 pool, with guaranteed access before Early Access begins.
🧵https://t.co/pcFAVXct3L
As of December 7 at 12PM ET, LINK token holders meeting predefined eligibility criteria gain exclusive access to staking during a four-day period before General Access. From December 11 at 12PM ET, the opportunity extends to all, provided the pool limit has not been reached.
Community Stakers can engage with a minimum stake of 1 LINK and a maximum of 15,000 LINK during both Early and General Access, though entry is not guaranteed due to the capped pool size. Node Operator Stakers, on the other hand, can stake between 1,000 LINK and a maximum of 75,000 LINK.
The capped 45,000,000 LINK pool at the launch of Staking v0.2 includes an allotment of 40,875,000 LINK for community members. The remaining allocation caters to Chainlink node operators currently serving Chainlink Data Feeds.
According to Chainlink's recent statement, the introduction of Staking v0.2 is in line with Chainlink Economics 2.0, emphasizing the cryptoeconomic security of the Chainlink Network and bringing new improvements and features.
Last December, Chainlink launched staking v0.1. In the first phase of Chainlink Staking, a staking pool was established to secure the ETH/USD Data Feed on the Ethereum mainnet. Its initial cap was 25 million $LINK, 2.5% of the total supply.
$LINK is trading at $14.7, up 4.37% in the last seven days, with a marketcap of $8.2 billion.
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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