Everybody expects this integration & we know that it can come sooner than we think.
So it’s time to get ready & get into what it actually means for the MetisDAOEcosystem.
Let’s talk about it!
First, what is ChainLink:
“Chainlink (LINK) is a cryptocurrency and technology platform that enables non-blockchain enterprises to securely connect with blockchain platforms.” — Investopedia
In a nutshell, it brings off-chain data on-chain & supports interoperability.
Also on Investopedia, we can see these really nice Key Takeaways:
Chainlink is important because it:
- Supports decentralized data feeds
- Provides verifiable sources of randomness
- Enables automation
- Supports cross-blockchain interoperability
It makes the life of developers & protocols much easier.
Chainlink also enables a ton of DeFi Applications across a multitude of use cases:
- Money Markets
- Decentralized Exchanges
- Stablecoins
- Options & Futures
- Mirrored Assets
- Yield Farming
- Insurance
+ Many More This means it will open a lot of doors for the eco.
Some heavyweights that are using $LINK are
Synthetix: @synthetix_io
AAVE: @AaveAave
Trader Joe: @traderjoe_xyz
Lido: @LidoFinance
Dodo: @BreederDodo
Liquity: @LiquityProtocol
And many more:
$METIS is the best L2, and it’s EVM Equivalent, which means devs can deploy these DApps on Metis without changing a single line of code.
When we will have $LINK, I believe, they will have no reason not to build on Metis.
This is even before mentioning Builder Mining.
Chainlink is adopted by top data providers like:
We also have significant names on the list of node operators:
If we take a look at the effects $LINK had on other ecosystems, we can expect similar stuff to happen on Metis Andromeda.
Polygon is only one example. $LINK went live on Polygon around the area marked:
Conclusion: Chainlink will definitely have a positive impact on the Metis Ecosystem & it’s crucial for the long-term vision.
Keep in mind that @MetisDAO is more than just a Layer 2 and its goal is to become the Hub of The Entire Web3 Economy.
Which makes it even more important!
