Parachains based on DOT Substrate framework now can integrate LINK price oracles data feed in the form of a simple module.
In the crypto world, price oracles are special applications that provide external data, such as current prices of various digital assets, to other blockchain projects.
The new service was launched in the form of a module for the substrate blockchain framework which includes Polkadot, Kusama, and other independent blockchains built on it. As a result, various parachains now can integrate Chainlink’s price oracles using a simple library.
Daniel Kochis, head of business development at Chainlink, concluded that "we can rapidly accelerate DeFi development within the Polkadot ecosystem, while maintaining the highest security and data quality requirements to ensure its growing suite of DeFi projects run in a precise, tamperproof and hyper-reliable manner"