To provide clients with a higher level of DeFi exposure and promote the Chainlink framework, decentralized perpetual exchange YFX has integrated Chainlink Data Streams onto the Arbitrum mainnet.
The company’s initial creation was done using Chainlink Data Streams, including AVAX, USD, BNB, USD, DOGE, and many others. They focused on Chainlink Data Streams because of the superior quality of the data they delivered using the established Chainlink framework, which offers unparalleled capabilities and security.
With YFX V4, which expands on the existing Perpetual Protocol market, traders and makers have access to the most user-friendly, cost-effective and lucrative trading platform available. Traders and makers have the opportunity to use 200x in the form of YFX V4.
After considering multiple services, they were admitted Chainlink data streams supporting various features such as sub-second price resolutions, front-running security, decentralized on-chain deployment, and an established framework and DeFi apps.
The association will create YFX’s decentralized perpetual exchange with new-age potential. As data streams become active on YFX, users will experience faster trading.
To strengthen the verifiable web, Chainlink is the gold standard among decentralized computing systems. The ability to connect financial institutions, entrepreneurs and builders around the world with real-time data, off-chain processing and secure cross-chain interoperability across all blockchains has contributed to a transaction value of more than $10 trillion. It creates authentic apps and high-ranking markets in banking, international trade, gaming and other industries.
On the other hand, YFX has established itself as a top decentralized perpetual protocol in 2020. Currently, the project is jointly managed by 0xEuler, a representative of the community nerds, and a number of developers connected to the technical community.