Chainlink is frequently employed by these copyright to cost belongings, obtain interest prices, confirm collateralization, and a lot more. This permits these DeFi platforms to conduct a lot of the same functions as their standard counterparts can.

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The oracles in the network obtain, query, validate, and deliver facts to Chainlink. It then directs the input into good contracts, enabling the enhanced functionality of a whole ecosystem of decentralized applications.

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In December 2021, the Chainlink oracle network launched the staking from the LINK token to market "sustainable progress and security."

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