Solana network started to support Chainlink oracles


The Solana ecosystem has begun supporting Chainlink-based quote oracles, expanding the toolkit of blockchain developers

The Solana network has begun supporting market quote oracles from Chainlink. Chainlink representatives announced this in an official press release. It is reported that blockchain developers in the Solana ecosystem can now access quotes for BTC/USD, ETH/USD, USDC/USD and other trading pairs over the network.

Chainlink representatives said they plan to expand the list of trading pairs in the coming months, as well as provide other kinds of oracles (such as randomizer numbers and reserve proofs) based on Solana. Solana co-founder Anatoly Yakovenko said the integration of technology from Chainlink will give decentralized finance (DeFi) developers more access to market data.

Earlier, the editorial board wrote that Chainlink oracles hit several DeFi protocols at once due to the collapse of the quotation of terra (LUNA). The extreme volatility of LUNA caused the Chainlink oracle protection mechanism to kick in, which affected the security of the protocols.

As a result, DeFi-projects using oracles from Chainlink began to receive LUNA values above the market rate, and at the wrong rate, the projects issued credits to attackers who took advantage of the loophole. It was later discovered that the Blizz Finance protocol had exhausted all of its reserves as a result of the scam