Today Hedera, an enterprise-grade public network for the decentralized economy, announced Chainlink Data Feeds and Proof of Reserve are live on mainnet, giving developers access to the Chainlink standard for high-quality data and reserves verification needed to accelerate DeFi and tokenized real-world asset adoption.
In October, the HBAR Foundation, which supports Hedera’s sustainable long-term growth, announced it joined the Chainlink Scale program to provide developers with enhanced access to Chainlink’s industry-leading web3 services, beginning with the testnet integration of Data Feeds and a phased rollout to deploy Cross-Chain Interoperability Protocol (CCIP).
Data Feeds, CCIP, and PoR leverage Chainlink’s time-tested oracle infrastructure, which has securely enabled over $17 trillion in transaction value, even during adverse and unexpected events such as flash loan attacks. Data Feeds deliver accurate, reliable, tamper-proof data onchain, while PoR verifies in real time that onchain assets are fully collateralized by cross-chain or offchain real-world assets.
Joining Scale and integrating Chainlink’s oracle services expands Hedera’s longstanding collaboration with Chainlink dating 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.
“We’re excited to deepen our integration with the Chainlink standard by adopting Chainlink Data Feeds and Proof of Reserve on Hedera,” said Elaine Song, VP of Strategy at The HBAR Foundation, in an official announcement.
“By making the Chainlink standard available to our developer ecosystem, we can enable increased access to high-quality, tamper-proof data backed by decentralized infrastructure, which is mission-critical for building secure DeFi applications and scalable tokenized assets.”
To learn more about Hedera, visit their website, X, Telegram and Discord.