StarkDefi Joins Chainlink BUILD to Propel Adoption of DeFi on Starknet
We’re excited to announce that StarkDefi is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate the growth of our ecosystem and the long-term adoption of our DeFi solutions hub supported by enhanced access to Chainlink’s industry-leading oracle services, additional technical support, and better incentivized cryptoeconomic security. In exchange, we commit to providing network fees and other benefits to the Chainlink community and service providers, including stakers.
For us at StarkDefi, Chainlink was always going to be an integral part of our services, which is why we are very happy to build upon that relationship by participating in their BUILD program. We are currently using Chainlink Price Feeds for our price prediction markets and Chainlink VRF on testnet.
We’re confident that through enhanced support, increased access to secure off-chain services, and the backing of Chainlink’s stellar community, we’ll increase the awareness of StarkDefi and accelerate the adoption of highly scalable DeFi services on Starknet.”
StarkDefi: Onboarding the Next Generation of Blockchain Users
StarkDefi’s mission is to drive the widespread adoption of blockchain technology by onboarding the next generation of users. By offering a variety of DeFi solutions — including launchpad, staking pools, liquidity lockers, and minting services — we are able to support smart contract developers, NFT creators, institutional investors, and other DeFi projects.
By leveraging Starknet technology, we can provide highly scalable and secure solutions to both users and founders. This is further amplified by building on an Ethereum layer-2 network, helping us maintain cost-effective, permissionless and secure operations, even as our ecosystem grows.
Why We Joined Chainlink BUILD
StarkDefi joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, StarkDefi will receive key benefits, including access to and integration of Chainlink Price Feeds and Chainlink VRF on Starknet mainnet, access to new Chainlink product alpha and beta releases, and more.
In exchange for these services, StarkDefi will make 5% of its native token supply available to Chainlink’s community and service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
“We’re thrilled to join Chainlink BUILD to gain increased access to industry-standard Web3 services and enhanced technical support while benefiting from a robust cryptoeconomic model that empowers us to build secure and scalable DeFi solutions on Starknet. We look forward to continuing our collaboration with Chainlink and welcome the passionate Chainlink community into the StarkDefi ecosystem.” — Patrick J Hemming, Co-Founder of StarkDefi
Chainlink is the industry-standard Web3 services platform and has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
StarkDefi is a DeFi platform on Starknet that aims to expand the use of blockchain and ZK technology and introduce new users to the crypto space through it’s suite of products. Coupled with this, it offers various DeFi features such as staking pools, liquidity lockers, and minting solutions, catering to users, devs, investors and founders alike in the blockchain ecosystem.
The platform is built on Starknet, an Ethereum layer-2 network built for security and scalability. By utilizing Starknet, StarkDefi ensures the provision of cost-effective, secure, and permissionless services that can withstand the platform’s growth. This emphasis on security and scalability demonstrates StarkDefi’s commitment to fostering a reliable and robust DeFi environment.
StarkDefi has a longstanding relationship with Chainlink and Chainlink’s oracle services are integral to its platform. Joining Chainlink’s BUILD program strengthens this relationship and we greatly look forward to building towards our mutual growth within the blockchain industry.
To learn more about StarkDefi and its pioneering work in DeFi, visit the official website StarkDefi.