Whitehole Finance Joins Chainlink BUILD to Accelerate Adoption

Whitehole finance
3 min readMay 17, 2023

We’re excited to announce that Whitehole Finance is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate the growth of our ecosystem and the long-term adoption of NFT and cryptocurrency lending supported by enhanced access to Chainlink’s industry-leading oracle services, additional technical support, and better incentivized cryptoeconomic security. In exchange, we commit to providing network fees and other benefits to the Chainlink community and service providers, including stakers.

Whitehole Finance has long been a believer in Chainlink and an active participant in the Chainlink ecosystem. We are currently using Chainlink Price Feeds on Arbitrum mainnet.

We’re confident that through enhanced support, increased access to secure off-chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Whitehole Finance and realize the adoption of our multi-asset lending platform on Arbitrum.

Unlock the Potential of Your On-Chain Assets

Whitehole Finance’s mission is to expand the utility of your on-chain assets and enable you to receive rewards by enabling you to deposit cryptocurrencies and NFTs to our lending platform. With an intuitive UI/UX, the process is seamless, even for users new to the space. We also provide anyone the opportunity to rent NFTs for use across the Web3 ecosystem. Ultimately, we unlock the potential of both NFTs and crypto tokens on a single platform.

Why We Joined Chainlink BUILD

Whitehole Finance joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, Whitehole Finance will receive key benefits, including access to and integration of secure, reliable, and decentralized market and data feeds and hyper-reliable automation, access to new Chainlink product alpha and beta releases, and various other benefits.

In exchange for these services, Whitehole Finance will make 5% of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.

“We’re excited to join Chainlink BUILD to gain increased access to industry-standard oracle services and enhanced technical support while benefiting from a robust cryptoeconomic model that empowers us to build our multi-asset lending platform with greater security assurances. We look forward to continuing our collaboration with Chainlink and welcome the passionate Chainlink community into the Whitehole Finance ecosystem.” — Ray Park, CEO of Whitehole Finance

About Chainlink

Chainlink is the industry-standard Web3 services platform and has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About Whitehole Finance

Whitehole Finance is a multi-asset lending protocol that uses NFTs and cryptocurrencies as collateral assets, solving the rigid capital efficiency of NFTs and providing easy access to DeFi through a smooth UI/UX.

Twitter: https://twitter.com/WhiteholeFi
Medium: https://medium.com/@whiteholefinance
Docs: https://docs.whitehole.finance/
Discord: https://discord.com/invite/TCWZRT6VAG

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