ChainLayer is Nominated as a Chainlink Node Operator for Kava and the Cosmos Ecosystem.
ChainLayer has been nominated as a node operator to bring Chainlink price reference data to Kava’s DeFi lending platform and the Cosmos ecosystem. ChainLayer will be responsible for providing BNB/USD price reference data first to support Kava’s lending platform scheduled to launch in early June. Following the release of IBC, other Comos-SDK blockchains and applications will be able to leverage connections with Kava to easily access Chainlink data for their own use.
Background on ChainLayer
ChainLayer, is a staking service provider and Chainlink node operator with a long history in the blockchain space. The company’s founders have been in the blockchain space since 2012 and come with years of professional experience in banking and telecommunications. ChainLayer operates staking and validator services supporting Kava, Cosmos, Celo, Polkadot, and many other blockchain networks. In addition to staking, ChainLayer is known for operating a leading Chainlink oracle node. It currently ranks #2 in the world by the number of Chainlink oracle jobs run according to the oracle marketplace.
“ChainLayer is consistently leading the way as a blockchain infrastructure company. They are one of the first Chainlink oracles in existence and they paved the way for Kava as one of its genesis validators. ChainLayer’s team is incredibly experienced in the space and we’re very excited to have them make Chainlink data available to Kava and the Cosmos ecosystem.” — Brian Kerr, CEO of Kava Labs
Kava — Making Chainlink Data Available to All of Cosmos
No oracle solution adequate for DeFi applications on Cosmos was available. For this reason, Kava has teamed up with Chainlink to bring its data and reliable oracle solution to the Cosmos ecosystem. Chainlink nodes now will be able to securely publish data directly on the Kava blockchain where it can be used or easily transported to other Cosmos-based blockchains and applications. Chainlink oracles on Kava utilize all the industry-leading technologies of Chainlink, while enabling more frequent price updates and improving the reach and distribution of where that data can be used.
Since Kava’s blockchain is built using Tendermint, Tendermint-based blockchains within the Cosmos ecosystem (Binance, Terra, Cosmos Hub, Agoric, Aragon, and others) will now be able to retrieve market data such as cryptocurrency, FX, and commodity prices. This makes Kava the ideal place for blockchains and applications to request and access data from Chainlink oracles.
Adding ChainLayer as a Chainlink node operator on Kava brings Kava one step closer to launching its lending platform scheduled for early June and helps solidify Kava’s positioning as the hub for all DeFi needs and Chainlink oracle data in the emerging Cosmos ecosystem which includes the likes of Binance chain, OKEx, ATOM, and over 100 other projects developing on the Cosmos-SDK.
“The future of Kava is bright. We’re excited to bring connectivity to Kava through Chainlink oracles, making Chainlink oracles available throughout the Cosmos ecosystem” — Peter van Mourik, Co-Founder ChainLayer
About ChainLayer:
ChainLayer is a professional staking service provider operating from the Netherlands.
Two geographically spread colocation facilities combined with HSMs ensure our validation and oracle offering are run secure, highly available and with premium connectivity.
ChainLayer was one of the first Chainlink oracles and a genesis validator on Kava. Besides Kava they validate on various other networks and are active in testnet competitions like the Celo Stake-Off, where they ended up in 1st place.
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About Kava:
Kava is a multi-asset DeFi platform that offers stablecoins, loans, and other financial services for users of major cryptocurrency assets including BTC, XRP, BNB and ATOM to name a few. The Kava platform has two types of tokens, the KAVA token and the USDX stablecoin where the KAVA token is the native token of the Kava blockchain integral in the security, governance, and mechanical functions of the platform. Users can collateralize their crypto assets in exchange for Kava’s stablecoin, USDX. USDX is the highest earning USD denominated account available for modern investors, offering superior yields without additional risk, compared to traditional alternatives like checking and savings accounts that only deliver minuscule returns.
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