Vertex Integrates Chainlink Data Streams to Power a Lightning-Fast DEX Experience
We’re thrilled to announce that Vertex—a leading Arbitrum-based DEX for users to trade on derivatives and spot markets for digital assets—has now integrated Chainlink Data Streams live on mainnet.
The integration of Data Streams, the industry-leading pull-based oracle solution, marks a new era for Vertex’s security and reliability. Not only do Chainlink Data Streams lead the market at providing the sub-second price data that Vertex needs to operate at speed, but Data Streams is also underpinned by the same best-in-class security architecture that has made Chainlink the most widely adopted decentralized computing platform in the blockchain industry.
While accurate, high-quality price data is the lifeblood of any DeFi protocol, derivatives markets often require a new caliber of data speed, security, and accuracy given their sensitivity to small price changes and Vertex is no exception. Vertex will now use Chainlink Data Streams to help perform mission-critical functions, such as liquidating undercollateralized positions and calculating funding rates.
When selecting a pull-based oracle solution, Vertex’s ultimate goal was to find a platform that offered lightning-fast price updates, guaranteed industry-leading security, and mitigated possibilities for extractive market practices. With Data Streams' credibly neutral infrastructure, Vertex can provide its users with a high-throughput on-chain trading experience and near-instant settlement comparable to centralized exchanges—all while meeting the high-security standards of Web3.
“Chainlink data streams are the 2.0 upgrade that brings added performance to Chainlink’s already formidable reputation for reliability and security,” says Vertex Co-Founder Darius Tabatabai. “For a high-performance protocol like Vertex, this is huge as it helps maintain economic security in a marketplace where market volatility and leverage mean that speed is at a premium.”
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $10 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About Vertex
Vertex was established by a team of traders and engineers with a track record of business building in both TradFi and DeFi markets. They saw the latent market need for users to interact with DeFi in a more flexible way and decided to leverage the growing ecosystem on the Arbirtrum blockchain to bring a trading protocol to market. Today, they are excited to be at the forefront of smart contract and market innovation for Arbitrum and to help partner with some of the most exciting names in crypto to build a DeFi protocol that works for all users.
To learn more about Vertex, please visit www.vertexprotocol.com and/or go to the following:
Discord community: https://discord.gg/xRdut3NyG3
Twitter: https://twitter.com/vertex_protocol
Public docs: https://vertex-protocol.gitbook.io/vertex-protocol/getting-started/vertex-overview