TechFlow News – According to official updates, Velo Labs has announced a collaboration with decentralized oracle Chainlink, integrating it into Velo Labs’ Federated Credit Exchange (FCX) network. FCX will leverage Chainlink’s high-quality, decentralized price feeds to obtain fair market exchange rates for various cryptocurrencies and assets. By utilizing Chainlink’s decentralized and flexible oracle network, Velo Labs can support a wide range of new on-chain financial products backed by custom data points—such as issuing 1:1 digital credits pegged to a basket of financial instruments. Furthermore, independent developers building DApps using the Velo Protocol will also gain access to Chainlink oracles, enabling them to build new financial applications using any high-quality off-chain data sources.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
