AVA Labs Announces Integration with Chainlink Price and Data Oracles to Power NextGen Blockchain Financial Services

Paul Jolin June 3, 2020

1 minute read

Decentralized financial application platform AVA Labs announced its integration with Chainlink’s price and data oracles on Tuesday. As per the official tweet, the integration will empower the NextGen financial applications and will allow developers to cut time on development and launch DeFi dApps directly.

We’re excited to share that AVA is integrating @chainlink's market-leading price and data oracles to empower the next generation of decentralized finance applications. Now, AVA developers can cut down development time and simply launch new #DeFi apps: https://t.co/9iETnLYZxS
— AVA Labs (@avalabsofficial) June 2, 2020

A Medium post shared by AVA stated that the integration would also facilitate the migration of traditional financial assets on the AVA Network. It further added,

Chainlink is one of the major decentralized oracle networks and enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. It provides highly secure and reliable oracles to biggies like Google, Oracle, SWIFT, etc. On the other hand, AVA Labs aims to develop decentralized financial applications, with highly scalable and efficient networks, customizable public and private blockchains, the capability to create any digital asset, and more.