Tron (TRX), founded by Justin Sun, one of the important names in the cryptocurrency industry, has signed a new partnership.
Accordingly, Tron has partnered with the popular altcoin Chainlink. TRON founder Justin Sun announced that Tron DAO has formed a strategic partnership with the leading decentralized computing platform Chainlink and joined the Chainlink SCALE.
Justin Sun said that as part of the partnership, Chainlink Data Feeds will act as the official oracle service provider in the Tron DAO blockchain ecosystem.
In this context, Tron DAO confirmed that it will end its support for the previous oracle provider WinkLink, and stated that they will now switch to Chainlink Data Feeds for pricing data.
As part of the partnership, Tron will initially cover certain operating costs associated with Chainlink oracle networks, such as gas fees, but in the long term, these costs are planned to be shifted to decentralized application (DApp) user fees.
“TRON DAO and Chainlink partnered today, and Chainlink will soon become the official data oracle solution for the TRON blockchain ecosystem.
TRON DAO will completely end its support and dependency on WINkLink as the oracle solution for the TRON blockchain, and the TRON DeFi ecosystem will transition to Chainlink Data Feeds for secure and reliable pricing data.
Chainlink will help secure JustLend and JustStable, the two largest DeFi applications on TRON, representing over $6.5 billion in TVL.”
Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, said: “We are excited to have TRON join the Chainlink Scale program and adopt Chainlink Data Feeds to further solidify the foundations of the TRON DeFi economy. By providing highly reliable, accurate, and decentralized market data on-chain, Chainlink will further empower TRON ecosystem developers to build next-generation DeFi applications and advance the decentralized internet.”
“We have joined the Chainlink Scale program to accelerate TRON’s DeFi economy by providing developers with access to an industry-leading data oracle solution,” said Sam Elfarra, Community Spokesperson for TRON DAO. “Chainlink’s unmatched security and reliability have made it the clear choice as TRON’s official oracle provider. This integration allows us to focus on scaling our ecosystem and further driving mass adoption in the blockchain industry.”
Today’s announcement: @trondao has joined Chainlink Scale, adopting Chainlink Data Feeds as TRON’s official oracle. Once upgraded, $6.5B+ in DeFi TVL will be secured by @chainlink , creating opportunities for Chainlink and TRON’s $60B+ in stablecoins and RWA! pic.twitter.com/ArDkMysuMq
— H.E. Justin Sun🌞(hiring) (@justinsuntron) October 31, 2024
*This is not investment advice.
