Tydro Protocol Migrates to Chainlink Data Feeds on Ink Chain
Tydro Protocol Migrates to Chainlink Data Feeds on Ink Chain
馃攧 Ink's Biggest Lender Switches Oracles
Tydro, the largest lending protocol on Ink Chain, is migrating from its legacy oracle solution to Chainlink Data Feeds.
This integration aims to enhance the protocol's data reliability and security infrastructure. The move follows a similar pattern of DeFi protocols upgrading to Chainlink's oracle services.
Key Points:
- Tydro is deprecating its previous oracle system
- Migration to Chainlink Data Feeds now underway
- Part of broader trend of DeFi protocols adopting Chainlink infrastructure
This development comes shortly after KelpDAO's migration to Chainlink CCIP for cross-chain security of rsETH, indicating growing adoption of Chainlink's oracle and cross-chain solutions across the DeFi ecosystem.
We鈥檙e 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
We鈥檙e 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.
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