Glauber also told CoinDesk that the crypto reference data will aid developers that are building their DeFi primitive or DApp. “These reference prices are important as they can be embedded within smart contracts tied to lending, borrowing, options, futures and more to settle matters all on chain. The growth of these future products should help secure the growing total value locked on DeFi apps, supporting the future development of the ecosystem,” he added.
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Galaxy Digital Partners With Chainlink to Offer Crypto Price Data on Chain
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