🔗 Kraken's Ink L2 Joins Chainlink Scale Program
🔗 Kraken's Ink L2 Joins Chainlink Scale Program
🦑 Kraken makes its oracle move
Kraken's Layer-2 blockchain Ink has joined the Chainlink Scale program, upgrading to Chainlink Data Feeds as its primary oracle infrastructure solution.
Key developments:
- Ink is providing substantial capital commitment through the Scale program
- This enables DeFi developers to access enterprise-grade oracles at reduced costs
- The move follows Tydro, Ink's largest lending protocol ($400M+ TVL), migrating to Chainlink after security review
Broader trend: This continues a recent wave of oracle migrations, with 4 leading protocols representing $3B+ combined TVL switching from legacy solutions to Chainlink in early May, including KelpDAO and Solv Protocol.
Ink, built on the OP Superchain, aims to bridge centralized and decentralized crypto services with 1-second block times.
After a rigorous security review, @tydrohq, the largest lending protocol on @inkonchain, has officially migrated to Chainlink as its primary oracle infrastructure. The Chainlink data standard now secures all current ($400M+) & future lending markets.
Tydro's pricing oracles have migrated from Chaos Labs to Chainlink Data Feeds. Chainlink provides critical offchain data to the Ink network enabling Tydro to become a more decentralized and stable protocol. Every market now reads from data that no single operator controls.
We’re committed to working with @tydrohq, the largest lending protocol on @inkonchain, as they deprecate their legacy oracle solution and officially migrate to Chainlink Data Feeds. DeFi will win.
Tydro is migrating from its existing oracle to @chainlink. The pause is still in effect as a precautionary measure as we test and complete the upgrade. User funds remain safe, liquidations are currently disabled, and a grace period will be implemented upon unpausing. Markets
NEW: @krakenfx’s L2 chain Ink joins Chainlink Scale & upgrades to Data Feeds as the ecosystem’s oracle infra solution. Through the Scale program, @inkonchain is providing a substantial capital commitment to give DeFi devs cost-efficient access to enterprise-grade oracles.
Ink is upgrading its oracle infrastructure across the ecosystem to @Chainlink. By joining Chainlink Scale, Ink is delivering Chainlink Data Feeds to every protocol building on the chain. Why this matters: Onchain markets resolve down to one input: the price. If that input is
We’re committed to working with @KelpDAO in strengthening the cross-chain security of rsETH by supporting their migration to Chainlink CCIP. DeFi will win.
After the recent LayerZero exploit, we are taking steps to ensure rsETH is fully secure, which is why we are migrating to @chainlink CCIP. From the April 18 incident, it is clear that LayerZero's own infrastructure was exploited, resulting in $300M in losses across DeFi.
In 4 days, 4 leading protocols with $3B+ combined TVL decommissioned their legacy oracles & bridges and are migrating to Chainlink. ⬡ @KelpDAO ⬡ @SolvProtocol ⬡ @re ⬡ @tydrohq DeFi will win.
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