Hassan Maishera
On Tuesday, the Chainlink team announced via X that TheStandard has integrated the Chainlink standard for smart contract automation and custom computation. TheStandard is a next-generation decentralized stablecoin protocol offering zero-interest loans.
The platform has integrated Chainlink Automation and Chainlink Functions, the standard for smart contract automation and custom computation, live on Arbitrum mainnet.
Chainlink Functions provides smart contracts access to trust-minimized compute infrastructure, allowing TheStandard to fetch data from APIs and perform custom computation in a highly secure way.
Meanwhile, Chainlink Automation will power TheStandard’s decentralized lending protocol because it is the most reliable, gas-efficient Web3 automation service and solves a fundamental blockchain limitation: the need for manual transaction triggers.
Chainlink Network (LINK) aims to provide tamper-proof data inputs and outputs for smart contracts on any blockchain. LINK is up 5% over the past 24 hours, trading at $20.58 at press time.
