Chainlink Data Streams is a pull-based oracle solution that allows protocols to consume data more cost-effectively and at lower latencies while reducing the risk of frontrunning and MEV. This week, JOJO Exchange, a leading perpetuals DEX on Base, announced it integrated Data Streams to power secure programmable trading.
Data Streams leverages Chainlink’s time-tested oracle infrastructure, which has enabled over $15 trillion in transaction value, to expand DeFi’s reach by enhancing the user experience of DEXs and unlocking advanced products like perpetual futures contracts that require lower gas fees and faster price updates. Recently, Base completed its integration of Chainlink’s oracle services by making Data Streams available to developers building cutting-edge use cases on the fast, scalable layer-2.
JOJO’s innovative orders allow users to embed a smart contract into their transactions. Orders are matched offchain and settled onchain, enhancing capital efficiency and trading flexibility with swift, secure, transparent execution. JOJO users can now leverage Data Streams’ high-quality market data to perform highly customizable, precise, automated trades.
“Chainlink Data Streams delivers ultra low-latency bid and ask data to power the JOJO protocol, allowing us to provide an advanced UX while ensuring a robust risk framework that ultimately helps safeguard the protocol,” said JoJo Exchange founder, Jotaro, in an official announcement.
“We’re pleased that JOJO Exchange has upgraded to Chainlink Data Streams to support a seamless and ultra-fast DeFi user experience,” said William Reilly, Global Head of Strategic Partners at Chainlink Labs. “By leveraging industry-standard Chainlink data, JOJO can help ensure unparalleled reliability and security for liquidations on its platform.”
To learn more about JOJO Exchange, visit their website, X, Telegram, and Discord.