Matic becomes the first outside Ethereum to launch native Chainlink feeds

Matic becomes the first outside Ethereum to launch native Chainlink feeds


Matic Network, a smart contract platform acting as both a layer one and layer two for Ethereum, announced on Thursday the full launch of five Chainlink (LINK) price feeds that are set to power its ecosystem.

Though there are many promised or existing Chainlink integrations outside of Ethereum, the majority of them are still in development or are indirectly using Ethereum feeds.

Matic now features five price feeds: MATIC/USD, USDC/USD, ETH/USD, USDT/USD, and DAI/USD, promising that more will come later.

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Chainlink’s Verifiable Randomness Function is set to be integrated soon as well, which would allow Matic app developers to build provably fair chance games or other integrations.

The team said that the integration will be crucial for DeFi developers wishing to build on Matic, pointing to several projects like EasyFi and PlotX that already committed to using Chainlink oracles.

The race for layer-two scaling to power the next cycle of DeFi adoption often sees Rollup-based projects as the favorites.

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