June 11, 2021 – Tel Aviv, Israel
Orbs has become an official sponsor of Chainlink Reference Data Networks, supporting the oracle price feeds.
The sponsorship means that Orbs is helping secure and decentralize Chainlink oracles, while at the same time enabling smaller projects to use Chainlink free of charge. The oracle network currently relies on sponsors to incentivize the data providers and pay for their services, which means that sponsors are vital to the success of the Chainlink network.
Orbs is sponsoring Chainlink’s USD pairs, and the ETH/USD pair, specifically. It joins a list of leading DeFi protocols and infrastructure providers who benefit from the success and resilience of Chainlink’s tamper-proof oracle network. Chainlink is currently the market standard for decentralized Sybil-resistant and manipulation-resistant oracles. The Chainlink price feeds are vital for a number of DeFi