As the standard for onchain finance, Chainlink secures tens of billions of dollars in smart contract value throughout the web3 economy. Leveraging Chainlink’s time-tested infrastructure, Chainlink Price Feeds have enabled over $19 trillion in transaction value, even during adverse and unexpected events such as flash loan attacks.
This week, Bonzo Finance, the largest lending protocol on Hedera with over $35 million in TVL, announced its integration of Price Feeds on Hedera’s enterprise-grade public network. Bonzo’s initial integration includes price feeds for HBAR/USD and USDC/USD, with plans to support HBARX/HBAR in the near future.
Bonzo is based on Aave v2, the largest DeFi lending protocol on Ethereum, and adapted to the Hedera EVM (Ethereum Virtual Machine) and native Hedera Token Service (HTS). As the first protocol to integrate the Chainlink standard for verifiable data on Hedera mainnet, Bonzo aims to enhance its security and reliability as The Liquidity Layer of Hedera while accelerating the network’s rapidly expanding DeFi ecosystem.
“Security and availability is paramount in DeFi, which is why Bonzo Finance chose to integrate the Chainlink standard for verifiable data on Hedera,” said Brady Gentile, co-founder and CEO of Bonzo Finance Labs, in an official announcement. “Chainlink Price Feeds enable highly secure markets for HBAR and USDC, and support adoption and liquidity goals for the Bonzo Finance protocol.”
“We’re pleased to see Bonzo Finance integrate Chainlink Price Feeds to support secure lending markets and accelerate the adoption of DeFi,” added Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs. “Highly accurate, reliable, and decentralized market data will help Bonzo Finance attract liquidity and grow the Hedera ecosystem.”
Hedera’s collaboration with Chainlink dates back to 2021, when Chainlink Labs became the first crypto-native firm to join the Hedera Council, which oversees distributed governance of the Hedera network. Last year, The HBAR Foundation, which supports Hedera’s sustainable long-term growth, joined Chainlink Scale to provide developers with enhanced access to Chainlink services, beginning with Price Feeds and Proof of Reserve.
James Hodgkins, Chief Growth Officer at The HBAR Foundation, underscored Chainlink’s essential role in boosting user confidence and expanding Bonzo’s reach.
“We’re excited to see Bonzo Finance integrate the Chainlink standard for verifiable data on Hedera, which will help bring liquidity to the rapidly expanding DeFi ecosystem as we execute on our 2025 growth strategy,” he said.
To learn more about Bonzo Finance, visit their website, X, and Discord.