Vertex Is Integrating Chainlink Data Streams to Power Liquidations and Funding Rate Calculations
Vertex Protocol, the leading decentralized exchange for derivatives and spot digital asset trading on Arbitrum, announced today that it is integrating Chainlink Data Streams to access high-frequency market data on Arbitrum.
As a part of this integration, Vertex Protocol will integrate Chainlink Data Streams, the industry-standard low-latency oracle solution, streaming real-time market data via credibly neutral infrastructure into the Vertex trading platform.
Vertex Protocol users will be able to access high-fidelity data at sub-second resolution using proven Chainlink infrastructure, which achieves robust performance and security even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
“Low-latency market data is critical for building a secure and transparent decentralized exchange,” said Darius Tabatabai, co-founder of Vertex Protocol. “This is why Vertex is integrating Chainlink Data Streams to access secure and reliable high-frequency market data on our platform.”
Chainlink Data Streams will help ensure that Vertex Protocol is supported by low-latency market data. Robust oracle data provides a high level of security to the platform, enabling a CEX-like trading experience for platform users.
Vertex Protocol integrated Chainlink Data Streams because the solution supports a multitude of critical features, including:
- Sub-second price resolutions: Chainlink Data Streams’ sub-second data delivery and battle-tested oracle infrastructure enable a highly performant user experience without compromising on Web3 values such as decentralization and transparency.
- Frontrunning protection: Chainlink Data Streams make use of conflict-of-interest-free data sources, and a commit-and-reveal architecture to help ensure traders and liquidity sources are protected against malicious price manipulation and information arbitrage.
- Time-tested Infrastructure: Chainlink is a platform with proven robust security, hyper-reliability, and high-quality data that’s been operating in production for years, helping enable over $9 trillion in onchain transaction volume for leading DeFi applications.
Vertex Protocol is a cross-margined DEX protocol offering spot, perpetual futures, and an integrated money market borrow/lend facility bundled into one vertically-integrated application on Arbitrum. Vertex Protocol boasts extremely low-latency trading and capital efficiencies across a broad range of DeFi assets as a byproduct of its hybrid orderbook-AMM design.
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 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 Protocol
Vertex Protocol 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 Protocol, 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