Synthetix Announces Chainlink Integration for v3 Exchange on Arbitrum

Friday, 9 August 2024, 12:09

Synthetix, a leading derivatives protocol, has made a significant decision to integrate Chainlink Data Streams as part of its v3 deployment on the Arbitrum network. This integration was approved unanimously by Synthetix's governing council. The move aims to enhance the platform's performance and reliability, boosting its offerings in the decentralized finance space. With this upgrade, Synthetix is set to strengthen its market position and provide more accurate data feeds for its users.
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Synthetix Announces Chainlink Integration for v3 Exchange on Arbitrum

Overview of the Synthetix Update

Synthetix, a leading derivatives protocol, is excited to announce the integration of Chainlink Data Streams with the launch of its upcoming v3 exchange on the Arbitrum network. This decision comes after a unanimous vote from its governing council, highlighting strong support for the initiative.

Benefits of the Integration

  • Enhanced performance through reliable data feeds
  • Increased accuracy in decentralized finance operations
  • Strengthened position in the competitive market

Conclusion

As Synthetix prepares for its v3 launch, the integration of Chainlink Data Streams signifies a strategic move toward providing improved services for its users. This upgrade is expected to bolster the platform's functionality and user experience.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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