DuckDAO to Collaborate with Chainlink to Strengthen the Digital Asset Ecosystem
DuckDAO is proud to announce that we have entered into a collaboration with Chainlink to combine DuckDAO’s industry-leading expertise in incubating and launching digital assets with Chainlink, the market-leading decentralized oracle network, to expedite the development of blockchain-based projects via provably secure and reliable oracle solutions.
The Chainlink oracle framework has the potential to solve a variety of challenges faced by our incubation projects on a daily basis. This long term collaboration will not only benefit both ecosystems, but is also designed to create awareness around the best practices to be used by early-stage crypto projects whilst creating, integrating, and accessing oracles.
Chainlink will assist DuckDAO’s incubation and strategic projects in implementing the widely used Chainlink Price Feed oracles, as well as how to best make use of these Chainlink solutions within DeFi applications to secure user funds.
These plug-and-play Chainlink price oracles allow new DeFi projects to access the highest standard of data quality and oracle security without forcing their lean engineering teams to build and maintain their own oracle solution from scratch.
This will streamline DeFi development for early-stage projects, and help them avoid the many pitfalls and timesinks of building secure and reliable oracle networks.
Additionally, promising smart contract projects in the Chainlink ecosystem may be looking for strategic fundraising and community expansion services. DuckDAO, with one of the crypto industry’s largest network of engaged investors, partners, and service providers, will provide strategic advisory and fundraising to high-quality projects in the Chainlink ecosystem seeking support.
Regarding the collaboration, Head of Chainlink Business Development, Daniel Kochis, stated:
“We’re excited to work with DuckDAO to bring Chainlink’s secure and reliable oracle solution to projects supported by DuckDAO’s incubator program, ultimately allowing them to innovate and go to market at a faster pace while still maintaining the best-in-industry security and data quality practices that protect user funds from various potential attack vectors.“
DuckDAO leadership commented on the collaboration saying:
“Our recent incubations, Base Protocol and Poolz, worked closely with Chainlink at an early stage to implement price oracles and we were impressed with the results. Chainlink has built up a massive ecosystem, and its solutions provide data accuracy, oracle security, and application utility to crypto markets. We are excited to support their mission and vision by introducing them to our incubation and strategic projects.”
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
Chainlink is trusted by hundreds of organizations to deliver definitive truth via secure, reliable data feeds. To learn more, visit chain.link, subscribe to the Chainlink newsletter and follow @chainlink on Twitter.
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DuckDAO is a community-backed digital asset incubator that provides promising early-stage crypto startups with the expertise, financial resources, and marketing power needed to fast track their progress on the path to success.