{"id":12070,"date":"2024-10-31T16:22:42","date_gmt":"2024-10-31T16:22:42","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=12070"},"modified":"2024-10-31T16:09:58","modified_gmt":"2024-10-31T16:09:58","slug":"tron-dao-chooses-chainlink-as-new-oracle-provider","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/tron-dao-chooses-chainlink-as-new-oracle-provider\/","title":{"rendered":"Tron DAO Chooses Chainlink as New Oracle Provider"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Tron DAO has announced a major switch in its oracle provider, replacing WinkLink with Chainlink Data Feeds to enhance the accuracy and reliability of data for its decentralized finance (DeFi) ecosystem. This move will impact DeFi applications like JustLend and JustStable, which collectively hold over $6.5 billion in total value locked (TVL).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Chainlink Integration to Drive Tron\u2019s DeFi Expansion<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The decision to integrate Chainlink marks Tron\u2019s entry into the Chainlink Scale program, which aims to accelerate ecosystem adoption and growth. Under this program, Tron DAO will initially subsidize certain operational costs for Chainlink\u2019s oracle networks, such as gas fees. Over time, these expenses are expected to transition to user fees within decentralized applications (DApps), enabling a more sustainable model.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs, emphasized that Chainlink\u2019s data feeds will empower Tron developers to build advanced DeFi applications and support a decentralized internet. Tron DAO\u2019s community representative, Sam Elfarra, echoed this sentiment, noting that joining the Chainlink Scale program will fuel Tron\u2019s DeFi expansion.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Justin Sun\u2019s Vision for Chainlink and Tron-Based Stablecoins<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Tron founder Justin Sun announced the integration at Chainlink\u2019s SmartCon event, highlighting that the collaboration will create new opportunities for Chainlink, Tron-based stablecoins, and real-world assets (RWA). This shift not only strengthens Tron\u2019s infrastructure but also aligns with Sun\u2019s broader vision for a robust and scalable DeFi ecosystem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With this partnership, Tron is set to leverage Chainlink\u2019s reliable data solutions, providing its DeFi applications with high-quality, real-time information that is essential for user trust and industry growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron DAO has announced a major switch in its oracle provider, replacing WinkLink with Chainlink Data Feeds to enhance the accuracy and reliability of data for its decentralized finance (DeFi) ecosystem. This move will impact DeFi applications like JustLend and JustStable, which collectively hold over $6.5 billion in total value locked (TVL). Chainlink Integration to [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":9935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[259,43],"tags":[],"class_list":["post-12070","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins","category-general-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tron DAO Chooses Chainlink as New Oracle Provider<\/title>\n<meta name=\"description\" content=\"Tron DAO has announced a major switch in its oracle provider, replacing WinkLink with Chainlink Data Feeds to enhance the accuracy and reliability of data\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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