We are excited to share a significant update with the Vela Exchange community. Our platform has integrated Chainlink Data Streams, marking a significant enhancement to the accuracy, reliability, and security of our market data infrastructure.
This upgrade is a major step forward in our commitment to providing our users with the best possible trading experience.
Introducing New Assets Powered By Chainlink Data Streams
Starting today, three new assets — FTM, UNI, and AAVE — will be available for trading on Vela Exchange.
With time, we plan to expand this integration with more Data Streams to power more of our markets with Chainlink, bringing greater accessibility of assets to our users.
Critical Features of Chainlink Data Streams
The upgrade to Chainlink is a game-changer for several reasons:
- Sub-second price resolutions: Chainlink Data Streams provide sub-second data delivery using battle-tested oracle infrastructure, enabling a highly performant user experience without compromising on Web3 values such as decentralization and transparency.
- Frontrunning protection: Chainlink Data Streams make use of conflict of interest-free data sources and a commit and reveal architecture to help ensure traders and liquidity sources are protected against malicious price manipulation and information arbitrage.
- Time-tested Infrastructure: Chainlink is a platform with proven robust security, hyper-reliability, and high quality data that’s been operating in production for years, helping enable over 12 trillion dollars in onchain transaction volume for leading DeFi applications.
Looking Ahead: More Assets Powered By Chainlink Data Streams
This is just the beginning. We plan to extend the Chainlink integration to support additional assets over time, continuously enhancing the user experience we deliver.
Our goal is to keep pushing the boundaries of innovation in the DeFi space, ensuring that Vela Exchange remains at the cutting edge of technological advancements.
V2 and the Future of Vela Exchange
The upcoming launch of V2 represents one of the most exciting periods for the Vela community.
We have a lot in store, including new partnerships, integrations, a drastically improved platform, and a fresh Grand Prix season. Upgrading to Chainlink is a crucial part of our strategy to further advance Vela with V2.
Stay tuned for more updates and make sure to keep your notifications on.
Thank you for being a part of the Vela community.
“Our upgrade to Chainlink Data Streams helps ensure that trading on Vela Exchange is fast, secure, and reliable. By leveraging the industry-standard low-latency market data solution, our platform can achieve high uptimes and a broader offering of assets. We look forward to continuing to leverage battle-tested Chainlink infrastructure to further enhance the user experience on Vela Exchange.” — Travis Skweres, Co-Founder of Vela Exchange
“Chainlink Data Streams was designed with a focus on security, ultra-low latency, and superior reliability, providing peace of mind for teams developing innovative trading applications. We’re excited to be working closely with the Vela team and to further the collaboration.” — Michael Mendes, Strategic Partner Lead at Chainlink Labs
