Two Sigma is a market maker in traditional financial markets, and its venture arm just raised $400 million across two funds to invest in crypto and DeFi.
Two Sigma will donate its proprietary data to Chainlink’s decentralized oracle networks (DONs) as part of the process, with the objective of extending the use cases of on-chain smart contract applications.
According to Dune Analytics, Chainlink is the most commonly utilized Oracle network, with over 690,000 active users and a total value of over $6.1 trillion in transactions (TVE).
Chainlink’s head of data products Yaser Jazouane said:
“Deep quantitative expertise to produce highly accurate price data is foundational to the growth and long-term success of the DeFi ecosystem.”
Chainlink is blockchain agnostic and provides node operators with secure management of API keys and account logins that lead to seamless data integration and access to a vast addressable market of data consumers.
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