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News

Jojo Exchange Integrates Chainlink Data Streams On Base Mainnet

September 5, 2024 - Around 2 mins mins to read

Key points:

  • JOJO Exchange has implemented Chainlink as its Oracle solution.
  • The Base network DEX cited Chainlink’s infrastructure, sub-second price latency, and high data accuracy as reasons for the integration.
JOJO Exchange integrates Chainlink Data Streams to improve Oracle solutions, enhancing price accuracy, sub-second latency, and security for its perpetual futures on the Base network.
Jojo Exchange Integrates Chainlink Data Streams On Base Mainnet

JOJO Exchange Enhances Oracle Solutions with Chainlink Data Streams

JOJO Exchange, a decentralized platform on the Base network, has integrated Chainlink Data Streams to provide improved Oracle solutions for its perpetual futures trading.

The decision to deploy Chainlink’s infrastructure was driven by sub-second price latency, high data accuracy, and transparency. JOJO Exchange founder Jotaro emphasized that Chainlink ensures a robust risk framework for an enhanced user experience.

Read more: Chainlink Data Streams and VRF Launch on Base Platform!

Chainlink Powers Advanced DeFi Security

According to William Reilly of Chainlink Labs, Chainlink Data Streams will provide ultra-fast bid-ask data to JOJO Exchange, providing top-notch liquidation security and supporting a seamless DeFi experience.

By combining smart contract commands with Chainlink, JOJO Exchange enables automated trading with highly efficient on-chain payments, giving users up to 1,000x leverage.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

base

Chainlink

JOJO Exchange

Oracle

Author

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.