September 26, 2022

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Acala Integrates Chainlink Oracle Pallet Before Going Live on Polkadot

<img width="300" height="169" src="https://ethereumreader.com/wp-content/uploads/2021/09/acala-integrates-chainlink-oracle-pallet-before-going-live-on-polkadot.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Acala Integrates Chainlink Oracle Pallet Before Going Live on Polkadot" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" link_thumbnail="" srcset="https://ethereumreader.com/wp-content/uploads/2021/09/acala-integrates-chainlink-oracle-pallet-before-going-live-on-polkadot.jpg 300w, https://coinquora.com/wp-content/uploads/2021/09/Acala-Integrates-Chainlink-Oracle-Pallet-Before-Going-Live-on-Polkadot.jpg 730w" sizes="(max-width: 300px) 100vw, 300px" />Acala is integrating Chainlink Oracle Pallet. Polkadot is launching many parachains soon. Acala is one of the first to go

Acala Integrates Chainlink Oracle Pallet Before Going Live on Polkadot

  • Acala is integrating Chainlink Oracle Pallet.
  • Polkadot is launching many parachains soon.
  • Acala is one of the first to go live.

The Polkadot network is almost set to launch parachains that will establish its interoperable blockchain ecosystem. Acala will be one of the first parachains to go live. Hence, it is preparing to offer a full multi-chain DeFi hub service on Polkadot.

A successful launch will ensure that Acala is fully integrated with key infrastructure and tooling. This will bring rapid development and enhanced security for all user funds. One of the key infrastructures on Acala’s DeFi parachain is oracles.

Oracles come with key inputs such as asset prices and market information that are critical to executing core functions. This is why Acala actively integrates Chainlink Price Feeds

Source: coinquora.com