Chainlink Companions with Illuvium and TrueFi By CoinQuora

Chainlink Companions with Illuvium and TrueFi
  • Chainlink provides two promising initiatives as their new companions
  • One is the collectible NFT recreation Illuvium
  • The opposite is TrueFi, a DeFi protocol for uncollateralized lending.
  • Each will combine with Chainlink

After not too long ago reaching a brand new all-time excessive resulting from a surge in token circulation, Chainlink (LINK) continues to increase its attain. They now launched two initiatives that can combine with their platform — Illuvium and TrueFi.

In a Tweet, Chainlink introduced that TrueFi, a DeFi protocol for uncollateralized lending, will combine with Chainlink. The combination shall be performed by adopting two new Worth Feeds.

In accordance with the announcement, “the worth oracles will safe an automatic protection mechanism that makes use of staked TRU tokens to make lenders complete within the case of mortgage defaults.”

Then again, the rising good contract platform additionally introduced one other integration. This time it’s with Illuvium, a collectible non-fungible token (NFT) recreation.

Within the announcement, the Chainlink crew talked about that Illuvium will combine Chainlink VRF to “pretty distribute limited-edition promo NFTs to randomly chosen customers who take part in Illuvium’s upcoming yield farming program, making certain a excessive diploma of transparency.”

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