TRON DAO Joins Chainlink’s SCALE Program, Officially Adopts Chainlink Oracles
TRON DAO has announced a partnership with Chainlink, joining the Chainlink Scale program to enhance data reliability for the TRON DeFi ecosystem.
Author: Tanishq Bodh
Written On: Sat, 02 Nov 2024 12:16:03 GMT
TRON DAO has announced its new partnership with Chainlink, joining Chainlink’s SCALE program as TRON adopts Chainlink Data Feeds as its official oracle provider. This decision means TRON will discontinue its reliance on WINkLink oracles in favor of Chainlink’s decentralized data oracle solution. According to statements from TRON, this move aims to promote sustainable growth and enhanced data reliability across its decentralized finance (DeFi) ecosystem.
In joining the SCALE program, TRON will cover certain operational costs of Chainlink’s oracle networks, including transaction gas fees, with the objective of supporting developers by reducing costs temporarily. This measure is expected to continue until these costs are gradually assumed by dApp user fees as the ecosystem develops further.
TRON DAO claims that this collaboration will provide its ecosystem with high-quality and reliable data services, which Chainlink asserts will secure TRON’s leading DeFi platforms, JustLend and JustStable, which represent over $6.5 billion in total value locked (TVL) across the network. Thodoris Karakostas, Chainlink Labs’ Head of Blockchain Partnerships, stated that TRON’s integration of Chainlink oracles will “further empower TRON developers to build next-gen DeFi applications,” emphasizing Chainlink’s commitment to enhancing decentralized finance.
TRON DAO Community Spokesperson Sam Elfarra expressed that Chainlink’s security and reliability influenced TRON’s decision to join the SCALE program, noting that the integration aligns with TRON’s broader efforts to drive mass blockchain adoption.
Chainlink’s oracle network, which reportedly secures tens of billions in TVL for numerous DeFi protocols, has maintained a reputation for security and high availability, even under adverse market conditions and network congestion.
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