APX Finance Is Integrating Chainlink Data Streams and Automation to Power Decentralized Perpetual Futures on Arbitrum

APX Finance — the foremost decentralized exchange for crypto derivatives — is excited to announce that APX version 2 (V2) has successfully integrated Chainlink Data Streams and Automation on Arbitrum Goerli testnet in preparation for a mainnet launch. By integrating DeFi’s industry-standard low-latency oracle solution, APX Finance aims to offer a CEX-like perpetual futures exchange experience on Arbitrum without compromising on decentralization, security, or conflicts of interest.

Chainlink Data Streams supplies premium data using proven Chainlink infrastructure, which achieves unmatched performance and security even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans. The native usage of Chainlink Automation within Chainlink Data Streams provides a credibly neutral and decentralized settlement infrastructure that helps users have a verifiably fair and safe trading experience.

APX V2 on-chain perpetual trading utilizes the ALP liquidity pool for maximum capital efficiency while ensuring transparent, minimal slippage trades via oracles. Accurate price data is needed to help open and close trades, execute conditional orders, and trigger liquidations. These are precisely the functions that Chainlink Data Streams are fulfilling on Arbitrum.

“Chainlink Data Streams offer APX Finance the most secure, reliable, and decentralized price data solution on the market. By integrating Data Streams, we’re matching the lightning-fast experience that centralized exchanges can offer and adding on the benefits of conflict of interest-free data and transparent settlement infrastructure,” said the core team at APX Finance.

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $8.8 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

About Chainlink Data Streams

Chainlink Data Streams support a multitude of critical features, such as:

• 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 use 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.
• Decentralized onchain execution: Data Streams leverage Chainlink Automation for near-instant, decentralized onchain execution, removing centralized points of failure during settlement and mitigating the risk of adverse selection (a situation where a dApp can select a favorable price at which to settle a trade or view the latest price report prior to submitting a trade).
• Time-tested Infrastructure: Chainlink is a proven platform with robust security, hyper-reliability, and high-quality data that’s been operating in production for years, helping enable over 8.5 trillion dollars in onchain transaction volume for leading DeFi applications.

The native usage of Chainlink Automation within Chainlink Data Streams provides credibly neutral and decentralized settlement infrastructure that helps ensure a verifiably fair and safe trading experience.

About APX Finance

APX Finance (APX) is the foremost decentralized exchange for crypto derivatives on leading chains. Offering both order book and on-chain perpetuals, APX empowers traders and stakers with unparalleled opportunities. Elevate trading with up to 1001x leverage, zero slippage and competitive fees. Amplify returns with the highest stablecoin percentage LP yield among perpetual trading platforms.

Visit www.apollox.finance for more information.