SmartPy.io receives grant to integrate Chainlink price feeds on Tezos
According to a recent announcement, a smart contract development platform for Tezos, Smart Chain Arena (SmartPy.io), is the newest recipient of a blockchain integration grant from Chainlink. The grant will enable Chainlink price feeds to be integrated on Tezos, something that will help the blockchain platform build next-generation DeFi products.
The Chainlink Community Grant Program provides financial resources to the many development teams and researchers building a more functional and accessible Chainlink Network.
This grant will enable Tezos developers to integrate Chainlink’s price reference data feeds as a means of giving all Tezos DeFi developers access to the largest collection of live decentralized price oracles in the market. It will also create a framework for quickly and securely launching new oracle networks for a variety of in-demand market datasets.
Another advantage here could be the creation of a more advanced monitoring system for cross-chain integration to support DeFi projects building on Tezos. Tezos’s ability to facilitate formal verification of smart contracts makes it an attractive solution for high-value financial applications and an important platform to launch Chainlink Price Feeds on.
According to a statement released by Smart Chain Arena,
“As a highly experienced dev shop that’s intimately familiar with Tezos and Chainlink, we look forward to giving Tezos developers access to Chainlink’s ready-made and proven decentralized price oracles to support the launch of next-generation DeFi applications on Tezos in a secure, yet accelerated manner.”
Tezos, a blockchain led by Frenchman Arthur Breitman and developed by a team of researchers in France, was recently mentioned in glowing terms by the French media, suggesting that it is regaining some traction and public attention.
In fact, reportedly, even the French Finance Minister Bruno Le Maire likes to cite Tezos as one of the “French nuggets” in the blockchain field.