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Umami Integrates Chainlink Data Streams

Twitter icon  •  Published 6 months ago on July 8, 2024  •  Hassan Maishera

Chainlink announced via X on Friday that Umami has integrated Chainlink Data Streams on Avalanche to help execute accurate and timely yield strategies.

Umami Integrates Chainlink Data Streams

Chainlink announced via X on Friday that Umami has integrated Chainlink Data Streams on Avalanche to help execute accurate and timely yield strategies. The integration brings the industry-standard, low-latency oracle solution to Umami’s GM vaults on Avalanche, significantly improving liquidity provider experiences. With on-demand access to high-frequency market data, Umami’s vaults can now execute trades more accurately and timely.

Initially, the integration includes ETH/USD, LTC/USD, DOGE/USD, BTC/USD, XRP/USD, and BTC/USD streams, the team added. 

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 3% over the past 24 hours and is trading at $12.491 at press time.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.