Hedera has partnered with Chainlink to integrate decentralized oracle services into its network, aiming to enhance the reliability and transparency of tokenized real-world assets in the DeFi sector.

Enhancing Reliability and Transparency

By incorporating Chainlink's Data Feeds and Proof of Reserve, Hedera is creating a secure environment for financial applications and addressing concerns regarding data manipulation.

Access to Off-chain Market Data

The integration of Chainlink Data Feeds provides access to off-chain market data, crucial for creating stable DeFi applications.

Reducing Risks for Investors

Proof of Reserve ensures that tokenized assets are fully collateralized, reducing risks for investors.

Positive Impact on Tokens

The partnership with Chainlink is expected to have a positive impact on both companies' tokens.

Supporting DeFi Protocols

The HBAR Foundation has joined the Chainlink SCALE program to support the development of DeFi protocols on the Hedera network.

Enhancing Security and Reliability

This partnership signifies a critical step towards enhancing the security and reliability of decentralized applications in the DeFi landscape.