New integration aims to enhance Starknet’s DeFi ecosystem with scalable and secure data solutions through the Chainlink SCALE program.
Chainlink Data Feeds have now been integrated into Starknet, a significant development for the decentralized finance (DeFi) community. This integration is part of the Chainlink SCALE program and aims to enhance the Starknet ecosystem by providing developers with scalable and secure data solutions.
What is Starknet?
Starknet is a permissionless decentralized ZK-Rollup that operates as a Layer 2 (L2) network over Ethereum. Unlike other L2 networks, Starknet uses Cairo as its smart contract language. This unique approach allows for more efficient and scalable transactions while maintaining the security and composability of the Ethereum network.
Chainlink SCALE Program
The Chainlink SCALE program is designed to accelerate the growth of blockchain ecosystems by providing developers with access to low-cost, accurate, and decentralized market data. As part of this program, the Starknet Foundation covers certain operating costs for Chainlink oracle nodes. This ensures that developers can access reliable data feeds without incurring high expenses.
How to Use Chainlink Data Feeds on Starknet
Developers can read Chainlink Data Feeds on Starknet using an on-chain contract that they compile and deploy. Alternatively, they can read the data feed off-chain. This flexibility allows developers to choose the method that best suits their needs and technical capabilities.
Future Prospects
This partnership between Chainlink and Starknet is expected to unlock advanced DeFi use cases and drive the adoption of the Starknet ecosystem. By providing a robust and scalable infrastructure, this integration paves the way for innovative financial products and services that can benefit users globally.
In summary, the integration of Chainlink Data Feeds into Starknet through the Chainlink SCALE program is a significant milestone for the DeFi community. It offers developers the tools they need to build scalable, secure, and cost-effective applications, thereby accelerating the growth and adoption of the Starknet ecosystem.
