Amzad Hossan’s Post

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Digital Assets Analyst | Blockchain | DeFi | Dex | Cex | TXN | OCT | Web3 | FinTech | GEMS HUNTER |

🚀 Exciting News for the DeFi Community! 🌐 I'm thrilled to share that Coinbase's innovative Layer 2 network, Base, is taking a giant leap forward with the integration of Chainlink's renowned price feeds! This integration paves the way for an exciting future for decentralized finance (DeFi) applications and opens new doors for developers. 🔗 What's New: Coinbase's Base layer-2 network, a brainchild of the crypto giant Coinbase, has teamed up with Chainlink's robust oracle infrastructure. This collaboration brings industry-standard Chainlink data feeds to the Base ecosystem, creating a seamless bridge between Base and external DeFi applications, including lending protocols and futures markets. 💡 Why it Matters: The integration of Chainlink price feeds empowers Base developers to dream big and design cutting-edge use cases. It facilitates the effortless onboarding of existing DeFi protocols onto Base's layer-2 blockchain, heralding a new era of interoperability and innovation. 🌐 About Base: Base, built upon Ethereum using the OP Stack framework by the talented Optimism team, has been making waves since its mainnet launch for developers on July 13th. And guess what? The platform is all set to welcome the public starting this Wednesday, August 9th! This development promises a more scalable and efficient DeFi landscape. 🛠️ What's in Store: Jesse Pollak, Coinbase's Head of Protocols, highlights how Chainlink's addition will facilitate a seamless transition for developers looking to migrate their existing applications to Base. This integration simplifies the creation and deployment of sophisticated DeFi applications, pushing the boundaries of what's possible. The fusion of Chainlink's robust price feeds with Coinbase's Base layer-2 network marks a significant milestone for the DeFi ecosystem. With enhanced capabilities, interoperability, and scalability, we're about to witness a wave of groundbreaking DeFi innovations that will reshape the financial landscape. Stay tuned as the DeFi space enters a new chapter, where collaboration and innovation reign supreme. 🌈🚀 https://lnkd.in/d3eFRSTt #DeFiInnovation #BaseLayer2 #ChainlinkIntegration #CryptoCollaboration

Chainlink price feeds go live on Coinbase's Base L2 network

Chainlink price feeds go live on Coinbase's Base L2 network

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