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Estes Partners with Clean Energy to Expand Natural Gas Vehicle Fleet
September 09 2020 - 06:00AM
Business Wire
Clean Energy Fuels Corp. (CLNE), the leading provider of natural gas fuel for transportation in North America, announced that Estes Express Lines will add to its fleet 50 new trucks fueled with Redeem™ renewable natural gas (RNG), bringing its total to 71.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200909005087/en/
Estes Express Lines has partnered with Clean Energy to add 50 near clean trucks to its fleet. (Photo: Business Wire)
Estes Express Lines has partnered with Clean Energy to add 50 near clean trucks to its fleet. (Photo: Business Wire)
Estes, the nation’s largest privately-owned freight transportation carrier, is acquiring the Class 8 natural gas trucks equipped with the Cummins Westport ultra-clean ISX12N engine for its California fleet, and is expected to use an approximate 2.8 million gallons of RNG over the seven-year contract.
Clean Energy’s Redeem was the first commercially available RNG vehicle fuel, derived from capturing the biogenic methane produced by the decomposition of organic waste from dairies, landfills, and wastewater treatment plants. Redeem reduces climate-harming greenhouse gas emissions by at least 70%, and even up to 300% depending on the source of the RNG.
Estes purchased the trucks through Clean Energy’s Zero Now program, which brings the price of a natural gas truck at parity with a diesel truck, while offering a guaranteed fuel discount for the duration of the agreement. For Estes, this represents a geographical expansion of its current 21 ultra clean truck fleet currently operating out of Texas, and also fueled by Redeem.
“Switching to trucks fueled with ultra-low carbon fuel is vital to improving air quality and fighting climate change in the regions that we serve,” said Estes Chief Executive Officer and President, Rob Estes. “Clean Energy’s Zero Now program has enabled us to switch to cleaner fuel and engine technologies that make financial sense – so it’s a win on several levels.”
“By adding 50 clean, sustainable natural gas trucks to its fleet, Estes demonstrates their leadership in the drive to lower the carbon footprint by the heavy-duty trucking industry,” said Brett Lindsay, Vice President of Clean Energy. “With the support of our Zero Now program, Estes has been able to easily and quickly switch a growing number of their trucks to RNG, significantly decreasing the environmental impact of their operations.”
“Transitioning to natural gas has allowed Estes to set a new standard for the trucking industry on how to be operationally successful,” said Mike Palmer, Estes Vice President of Fleet Services. “The trucks are performing well.”
A fourth-generation company, Estes was established in 1931 and currently ranks among the nation’s top 10 national less-than-truckload carriers with 19,000 employees and a fleet of 7,000 tractors and 30,000 trailers.
About Clean Energy
Clean Energy Fuels Corp. is North America’s leading provider of the cleanest fuel for the transportation market. Through its sales of Redeem™ renewable natural gas (RNG), which is derived from capturing biogenic methane produced from decomposing organic waste, Clean Energy allows thousands of vehicle fleets, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas by at least 70% and even up to 300% depending on the source of the RNG. Clean Energy can deliver Redeem through compressed natural gas (CNG) and liquified natural gas (LNG) to its network of approximately 540 fueling stations across the U.S. and Canada. Clean Energy builds and operates CNG and LNG fueling stations for the transportation market, owns natural gas liquefication facilities in California and Texas, and transports bulk CNG and LNG to non-transportation customers around the U.S. For more information, visit www.CleanEnergyFuels.com.
About Estes Express Lines
Estes is the largest, privately-owned freight carrier in North America. As an asset-based transportation and custom-logistics solutions provider, Estes delivers responsive freight solutions across a vast regional, national, international, and global footprint. The Richmond, VA-based, fourth-generation company has nearly 90 years of freight shipping expertise and has worked through the decades to build a robust transportation network, a reputation for financial stability, and an award-winning safety record. Estes offers comprehensive freight shipping solutions, including Less Than Truckload (LTL), Volume LTL, Truckload, Time Critical, and Final Mile.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including without limitation statements about amounts of RNG expected to be consumed and the benefits of RNG. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200909005087/en/
Clean Energy Contact:
Raleigh Gerber
949-437-1397
raleigh.gerber@cleanenergyfuels.com
Investor Contact:
investors@cleanenergyfuels.com
Rock solid G!!!! A must have in one's cryptos portfolio..
One of the two stocks in my portfolio that is green :)
GEVO should be flying around the $2-$3 zone if not for those crooked MMs..
Crooked mfers..
I too added below the $3 now I own the quantity that I wanted to have..
Up we go from here
Good for you Scotty unlike me I am more focus on the bigger picture of what LINKs are doing than a penny here and there.
Decentr Integrates Chainlink to Provide User-Centric Social Reputation Scores to DeFi
We are excited to announce that we will be using Chainlink’s market leading decentralized oracles to allow users to bridge their Personal Data Value (PDV), a new reputation/credit score index for Web3, to any blockchain environment.
Image for post
Decentr and Chainlink: Providing User-Centric Social Reputation Scores to DeFi
PDVs can be utilized by any smart contract protocol via Chainlink to assess an individual’s risk profile based on different data metrics they provide, such as KYC information, past on-chain transaction history, portfolio size, and many more possibilities.
PDVs can then be applied within DeFi dApps, similar to how credit scores are used today, to enable users to receive better interest rates on loans, reduce their collateralization ratios, receive discounts on trading fees on exchanges, and many potential use cases not yet explored. In some cases, where PDV is sufficiently high, it may even lead to complete removal of collateralization altogether, allowing DeFi to reach near parity with traditional financial markets.
In addition to Decentr using Chainlink to serve as a quasi decentralized identity data provider to dApps, Chainlink can also be used to retrieve and validate additional data about users that may help provide more context in the calculation of their PDV. This can include simple retrieval of web data or involve routing complex calculations about a user to a big data environment like BigQuery to gain deeper insights.
A Deeper Dive Into PDV
Decentr’s key innovation is allowing users the ability to leverage their social reputation and turn it into an economic value, “currency”, used within DeFi protocols. Decentr does this by securing user data from different sources through their browser and aggregating it into what we call a “Personal Data Value” (PDV). PDV can be described as a personalised “exchange rate” between currencies that users apply at the point-of-transaction to reduce the cost of on-chain services or products. Our system of data control and ownership gives payments and trades more value for users who choose to own and leverage their data across other composable protocols.
As described in the Decentr Whitepaper, the PDV could be made up of a variety of metrics, such as KYC and AML information, impressions from various social media platforms, on-chain activity, and much more.
In order to plug PDV data into different applications across blockchains, we require an oracle. Chainlink is a decentralized oracle network that serves as a secure and reliable bridge between on-chain smart contracts and the vast ecosystem of off-chain data resources including web APIs, enterprise systems, cloud providers, payment systems, other blockchains and more. It is the most used and fastest growing decentralized oracle network in DeFi, securing $1.5B+ in USD value live on mainnet for leading protocols such as Aave, Synthetix, Bancor, and more.
We chose Chainlink over other solutions to bridge the gap between PDV data and smart contract enabled blockchains because Chainlink has a large and growing collection of independent, security reviewed node operators, it’s being integrated across the leading blockchains, and it provides access to any credentialed off-chain API to expand the resources available to PDV. This simplifies our integration process and creates substantial distribution potential across chains for our PDV data feed.
Decentr’s Roadmap with Chainlink
Decentr will start out as an external API, which serves as a reliable data feed that blockchains can query through Chainlink oracles to receive specific PDV data. Chainlink’s external adapter for Decentr gives Chainlink Nodes the ability to share this data, which can be ported across any protocol or DeFi solution that is integrated with Chainlink. This also includes blockchains that Decentr is currently building on, such as Ethereum, Tomochain, Holochain etc.
To provide this data, Decentr is deploying a docker container with Cerberus storage (proprietary storage service) along with Decentr’s native blockchain protocol. Decentr plans to integrate Chainlink nodes into the same docker. Once the Chainlink nodes are up and running, Decentr will deploy oracle contracts and add nodes to them. Jobs can then be added to the oracles, wherein jobs will receive requests for the specific resources of which Decentr will send the data through the API to the Node that passes it along to the consuming smart contract.
CTO Nikita Anikeev says “Integrating Chainlink positions us to deliver immense value across DeFi, especially in the growing decentralized lending markets where additional data about borrowers can help reduce interest and collateralization rates. We can use Chainlink to provide key data about users to DeFi protocols on any blockchain, ultimately freeing up idle capital that otherwise would be overcollateralized in protocols.”
The future is bright with Chainlink, and integration will grow Decentr’s potential for impact across the decentralized landscape both in DeFi and across other use cases.
About Decentr
Decentr is an open decentralised platform that captures the value of secure user data and returns this value as payable, data-backed “currency” to the user. The DEC token is the building block of the entire Decentr Deconomy.
Decentr’s “data-as-value” paradigm means users see a correlated decrease in the cost of products and services bought online, via Decentr and their “dPay” system, while at the same providing superior APR’s on consumer crypto loans made via users dWallet and Decentr’s consumer crypto dLoan features.
This (necessary) extension of DeFi 1.0, delivers user-centric financial services to anyone, when they want it and how they want it, regardless of their net worth.
Learn more about Decentr by visiting the Decentr website, Twitter, Telegram or Medium
About Chainlink
If you want to get your smart contract connected to off-chain resources or sell data/services to the Chainlink network, visit the developer documentation and join the technical discussion on Discord. If you want to schedule a call to discuss the integration more in-depth, reach out here.
Chainlink is a general-purpose framework for building and running decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs. Use Chainlink to connect to data providers, web APIs, enterprise systems, cloud providers, IoT devices, payment systems, other blockchains, and much more.
Website | Twitter | Reddit | YouTube | Telegram | Events | GitHub | Price Feeds | DeFi
We look forward to answering all your questions. Please find our official links below.
Official Links for Decentr:
Official Email Address: Admin@decentr.net
Official Website Link: https://decentr.net/
Official Telegram Discussion Group: https://t.me/DecentrNet
Official Telegram Announcements Channel: https://t.me/DecentrAnnouncements
Official Twitter: https://twitter.com/DecentrNet
Official Medium: https://medium.com/@DecentrNet
Nah I didn't hear such a thing.. I just checked my binance and coinbase and I still have them.. I only have 230 LINK on exchanges (for trading) and my 2170 are in my nano ledger safe and sound.. No worries
Clean Energy will Provide Renewable Natural Gas for New York City MTA Buses to Lower Carbon Footprint of Nation’s Largest Transit Fleet
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Sep. 2, 2020-- Clean Energy Fuels Corp. (NASDAQ: CLNE) announced it has been contracted by New York Metropolitan Transportation Authority (MTA) to provide its Redeem™ renewable natural gas (RNG), a fuel derived from organic waste, to power the MTA’s 800 natural gas transit buses.
“The MTA is a prime example of a major transit agency recognizing the environmental benefits and financial value of RNG,” said Andrew J. Littlefair, president and CEO, Clean Energy. “We’re pleased to support their efforts by supplying low-carbon RNG, a cleaner fuel option that will help improve air quality and fight climate change in the region.”
The multi-year agreement for an estimated 25 million gallons of Clean Energy’s Redeem™ RNG is expected to reduce greenhouse gas emissions annually by 25,351 metric tons—the equivalent of removing 5,477 gasoline cars from the road, planting 419,184 trees, and recycling 8,623 tons of landfill waste—by switching to RNG from fossil CNG.
"We applaud the MTA for taking bold action to improve the environment by choosing to fuel their transit busses with RNG,” Johannes Escudero, CEO and executive director, Coalition for Renewable Natural Gas. “The air quality and greenhouse gas benefits of MTA's purchase of RNG have the potential to be multiplied many times over with the passage of a New York Clean Fuels Program, a policy proposal that is designed to incentivize more fleets to choose cleaner fuels and is supported by a broad coalition of environmental and business groups in the state.”
Redeem is the first commercially available RNG vehicle fuel, derived from capturing biogenic methane that is produced from the decomposition of organic waste from dairies, landfills, and wastewater treatment plants. Switching to Redeem will reduce the MTA’s carbon footprint of its natural gas transit buses.
About Clean Energy
Clean Energy Fuels Corp. is North America’s leading provider of the cleanest fuel for the transportation market. Through its sales of Redeem™ renewable natural gas (RNG), which is derived from capturing biogenic methane produced from decomposing organic waste, Clean Energy allows thousands of vehicle fleets, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas by at least 70% and even up to 300% depending on the source of the RNG. Clean Energy can deliver Redeem through compressed natural gas (CNG) and liquified natural gas (LNG) to its network of approximately 540 fueling stations across the U.S. and Canada. Clean Energy builds and operates CNG and LNG fueling stations for the transportation market, owns natural gas liquefication facilities in California and Texas, and transports bulk CNG and LNG to non-transportation customers around the U.S. For more information, visit www.CleanEnergyFuels.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including without limitation statements about amounts of RNG expected to be consumed and the benefits of RNG. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents the Company files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200902005276/en/
Clean Energy Contact:
Raleigh Gerber
949-437-1397
raleigh.gerber@cleanenergyfuels.com
Investor Contact:
investors@cleanenergyfuels.com
Source: Clean Energy Fuels Corp.
LINK a monster in the making...
All Synths are now powered by Chainlink decentralised oracles
01 SEP 2020
All Synths are now powered by Chainlink decentralised oracles
We are excited to announce that after an eight-month successful implementation of Chainlink’s decentralised price oracles for our commodity and FX Synths, we have now switched the rest of our price oracles over to Chainlink as per SIP-36. This includes price feeds for all cryptocurrency and index Synths.
This marks a major milestone in the development of the Synthetix protocol, removing any centralised dependency on our core contributors in regards to running the oracle mechanism, another crucial step in transitioning to decentralised governance.
Oracles are a critical component to our success, as every trade on Synthetix is dependent on the price feeds delivered by oracles. Since integrating Chainlink’s Price Reference Data, our commodity and FX synths have successfully maintained accurate, tamperproof valuations in accordance with the real world market price of their underlying assets, even during times of high volatility.
Over time, as the value locked in Synthetix has risen, we have been able to successfully scale the security and reliability guarantees provided by Chainlink’s oracles, lowering the deviation threshold for on-chain updates to obtain even more precise prices. This has given traders on Synthetix.Exchange stronger assurances that they are always receiving the most up-to-date market price.
Since the initial integration, Chainlink has become the standard oracle mechanism powering most of DeFi, currently securing over $3B in USD value. We are confident that Chainlink will continue to be the most secure and reliable oracle mechanism in the market, providing the Synthetix protocol with strong guarantees that all assets are backed by high-quality price data with high availability, resistance to manipulation, and transparency.
Moving forward with Chainlink allows our oracle mechanism to scale up alongside the value locked up in the total debt pool, particularly across three key metrics: security, asset selection, and costs.
Security: Chainlink can easily onboard more oracle nodes and data providers as the need for greater security arises, protecting stakers and scaling up the amount of Synths that can be minted.
Asset selection: Chainlink’s proven price reference framework can be used to quickly and reliably launch additional price feeds, allowing them to support nearly any new synthetic asset the Synthetix community wants to trade.
Costs: Synthetix can benefit from the shared economic model of Chainlink Price Reference Data contracts, wherein multiple projects collectively finance common price feeds. This provides a more sustainable solution aligned with the growing DeFi space, as each new data consumer lowers the costs for all existing users.
We look forward to working with the Chainlink community to maintain our existing price feeds, onboard new asset classes, and build out more secure and reliable price feeds to make Synthetix the leading liquidity derivatives protocol in DeFi.
Further information
You can learn more about Synthetix by reading the litepaper, visiting the new website, following Synthetix on Twitter, or joining the Spartan community on Discord.
If you’re a developer and want to quickly get your application connected to Chainlink Price Reference Data, visit the developer documentation, and join the technical discussion in Discord. If you want to schedule a call to discuss the integration more in-depth, reach out here. Learn more by visiting the Chainlink website or follow them on Twitter or Reddit.
Chainlink Comes to Bitcoin Smart Contract Network RSK as Defi Innovation Flourishes
18 hours ago | Sebastian Gold
03:31
Chainlink Comes to Bitcoin Smart Contract Network RSK as Defi Innovation Flourishes
The DeFi juggernaut keeps rumbling on, breaking new records and expanding into new ecosystems. Chainlink, the leading oracle solution within Ethereum’s DeFi sector, has now made the leap to Bitcoin BTC, 2.68% after integrating with RSK. As a result, developers on RSK’s Bitcoin smart contract network will be able to access price feeds and other data points that exist in external environments. These tamper-proof inputs can be used to trigger events using RSK’s Bitcoin-based smart contracts. The solution is now available on testnet, and will be live on mainnet within a few weeks, according to the press release.
“The blockchain space has long wanted to build smart contracts anchored to the security of the Bitcoin blockchain,” explained Daniel Kochis, Head of Chainlink Business Development. “We’re excited to collaborate with the IOV Labs team making that a reality by providing RSK with secure and reliable oracles to empower more useful smart contract applications that fully integrate with widely used data resources and systems.”
Chainlink Rallies and DeFi Soars
ChainLink LINK, 0.93%, whose token is up 800% for the year to date, has been at the heart of the DeFi ecosystem, powering price oracles used by DEXs, aggregators, liquidity protocols, and lending platforms. As the total value locked into DeFi has passed the $7 billion mark, Chainlink has seen its oracles utilized by an ever-increasing number of projects including Synthetix, where it provides prices for real-world assets such as gold and indices.
Chainlink will perform a similar role with RSK, whose DeFi stack brings many of the same capabilities as Ethereum, but anchored to the security of Bitcoin’s PoW chain and the hashpower it carries. RSK developer IOV Labs is hoping to attract developers interested in enhancing Bitcoin’s functionality, paving the way for BTC-collateralized lending and stablecoin issuance. RSK already has its own BTC-backed stablecoin thanks to Money on Chain, providing a way for BTC holders to earn a passive return through locking assets into lending protocols.
Westport Fuel Systems Awarded Key Electronics Supply Contract
GlobeNewswire
Westport Fuel Systems Inc
,GlobeNewswire•August 31, 2020
Estimated revenue of US$58 million over seven-year period
VANCOUVER, British Columbia, Aug. 31, 2020 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that it has been awarded a long-term agreement for the supply of electronic control units to a leading Tier One automotive supplier.
Westport Fuel Systems will manufacture and supply the electronic control units that will be integrated in the electric water pumps of two light-duty vehicle models of the counterparty automotive original equipment manufacturer (“OEM”) in Europe, starting in the first quarter of 2021. The electric coolant pump is the core component of the vehicle cooling system and will result in reduced energy consumption and lower emissions. The electronic control units are to be supplied over a seven-year period with an estimated sales value of US $58 million.
“Westport Fuel Systems is a global leader in gaseous fuel components and systems for clean transportation and this new contract confirms the competitiveness of our electronics product offerings and manufacturing capabilities” said David M. Johnson, Chief Executive Officer of Westport Fuel Systems. “This supply contract is further evidence of our ability to offer diverse, competitive and market-leading products and services to the global automotive industry.”
About Westport Fuel Systems
At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global automotive industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, we serve our customers in more than 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.
Investor Inquiries:
Shawn Severson
Investor Relations
T: +1 604-718-2046
E: invest@wfsinc.com
Counter with this news..Awesome news..AH $2
My option call at $2 expires Jan 15 is looking gnarly
https://finance.yahoo.com/news/westport-fuel-systems-awarded-key-210000202.html
Added a few more here..
Lotsa good stuff regarding LINK during Smartcontract Summit #0
Wish I have more money available to put on LINK
Seems like the mid 0.30s are the new consolidation zone..
Saw it on twitter
I've added a few more @ 3.25 and I will continue to accumulate whenever its possible..
Hearing big news drop coming re LINK, Baseline, and Google..
Hoping its next week or two
Just added a few more today..
Decided to add a few more @ $1.23
Sounds good to me..
Boooooom time..
DODO Integrates Chainlink Live on Mainnet, Kickstarts the On-Chain Liquidity Revolution
Diane Dai
Aug 27 · 4 min read
Today, the DODO team is pleased to announce that it has chosen Chainlink (https://chain.link/) as its oracle provider of choice and is already consuming its ETH/USD Price and LINK- USD Price Reference Data feed live on mainnet.
DODO is a nascent on-chain liquidity protocol that offers a smoother, more advanced crypto trading experience than other decentralized exchanges (DEXs). It is powered by the ground-breaking Proactive Market Maker (PMM) algorithm, which mimics human market making behaviors and gathers more capital near the market price in order to facilitate more efficient and frequent trading. PMM’s major selling point is its outstanding liquidity, which is on par with centralized exchanges (CEXs), making DODO the ideal DEX of choice for traders and liquidity providers alike.
https://app.dodoex.io/
RadarBear, DODO’s co-founder, looks forward to working with Chainlink and kickstarting the on-chain liquidity revolution.
“At DODO, we believe in leveraging industry expertise and forging strong, meaningful relationships. Chainlink is the undisputed leader in the oracle space — it has a proven track record of solving the oracle problem and providing high quality data to live DeFi applications.” Radar said. “Our backtests confirmed that Chainlink is fully compatible with the DODO platform. Integrating with Chainlink makes perfect sense.”
Use Cases
Chainlink will assume a crucial role in the functioning of DODO — it provides DODO with reliable, accurate price reference data for mainstream crypto assets, which is of utmost importance in a market making scenario. DODO uses this price data to fine-tune market prices on the platform, achieving market-leading liquidity.
In addition to being a proven and easily integratable solution for securing high value contracts, we selected Chainlink because it provides accurate price data sourced from multiple high-quality data aggregators, it deploys decentralization at the node and data source level to ensure no single point of failure, and it offers users on-chain visualizations that allow them to independently monitor and verify the health of their price oracles.
The ETH/USD Chainlink Price Reference oracle network currently being used by DODO
Technical Integration Details
As outlined above, the Chainlink oracle serves as a baseline for asset pricing on the DODO platform. This section will elaborate on the technical details of this integration.
DODO’s PMM uses the following pricing formula:
i is the market price provided by the Chainlink oracle. Depending on the liquidity in the capital pool, PMM changes the parameter R in real-time to fine-tune P, the market price on DODO, in order to maximize fund utilization. Without this price data, PMM cannot adjust the market price accurately, thus incurring losses for traders and liquidity providers. Thanks to Chainlink’s highly reliable, low-latency oracle price feed, PMM can fully realize its potential and offer liquidity comparable to CEXs.
More details on PMM and how DODO leverages oracles can be found at https://dodoex.github.io/docs/docs/.
About Front Running
Front running on DODO could occur in the following scenario.
Arbitrageurs listen for oracle price updates transactions. If they see that the oracle price for an asset will go up in the next block, they will buy the asset on DODO before the price update by paying higher gas prices and sell the asset immediately after the oracle price has been updated. This will result in a loss for liquidity providers, and this loss is referred to as arbitrage loss.
This might seem like a big deal, but the truth is, such opportunities are few and far between, and not necessarily profitable for arbitrageurs.
Front running is only profitable when the price fluctuates significantly. This is because DODO charges a 0.3% transaction fee per trade, thus buying and selling assets once incurs a 0.6% transaction fee overall. Therefore, if the price discrepancy between the oracle updates is less than 0.6%, front running is not profitable at all for arbitrageurs.
More importantly, the Chainlink oracle provides price updates by aggregating responses from 21 independent price feeders (oracles) and updates every 0.5% deviation, making us not susceptible to front running. This effectively mitigates the risk of arbitrageurs extracting value from liquidity providers.
About DODO
DODO is a next-generation on-chain liquidity provider, which leverages the Proactive Market Maker algorithm (PMM) to provide pure on-chain and composable liquidity for everyone.
About Chainlink
If you’re a developer and want to quickly get your application connected to Chainlink Price Reference Data, visit the developer documentation and join the technical discussion in Discord. If you want to schedule a call to discuss the integration more in-depth, reach out here.
Chainlink is an open-source blockchain abstraction layer for building and running decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs. It provides oracles to leading DeFi applications like Synthetix, Aave, and Kyber Network; numerous blockchains such as Ethereum, Polkadot, and Tezos; as well as large enterprises including Google, Oracle, and SWIFT.
Website | Twitter | Reddit | YouTube | Telegram | Events | GitHub | Price Feeds | DeFi
Require a little patience Tamtam..Long term hold and you'll be rewarded
WHOA! my $7.65 buys this morning starts to look good..
$20 or better by end of year..
True that lol
Just added 1000 at 1.06..Are MMs trying to fill the gap? oh well
The stock market is manipulated by crooks this is why 80% of my $ are invested in cryptos..
DeFiner Integrates Chainlink Price Feeds on Mainnet to Power its DeFi Savings Account & P2P Lending Marketplace
Aug 26, 2020 8:00:00 AM / by DeFiner
DeFiner Partnership-Chainlink_dark
We are proud to announce our mainnet integration of Chainlink, the market-leading decentralized oracle network. DeFiner’s savings account protocol is now consuming five Chainlink Price Reference Data feeds to price the assets held in it, which serve as a liquidity pool to fund our decentralized lending platform. Chainlink price feeds are referenced in order to securely and reliably issue loans and liquidate undercollateralized loans, allowing DeFiner to operate in an automated and trustless manner that users can rely on.
We selected Chainlink as our go-to oracle solution because they provide accurate, volume adjusted price feeds that have been proven to collectively secure over $2B in USD value for many top DeFi applications on mainnet. These price feeds are decentralized to avoid any single point of failure and are easy to integrate, which sped up our mainnet launch and will enable us to quickly scale up to support additional assets in the future as demand for DeFiner grows.
DeFiner: Decentralized Finance
DeFiner is a platform for decentralized digital asset financial services, specifically a lending platform where users can deposit and borrow funds. Depositors and borrowers both accumulate interest over time, which is earned by lenders and paid by borrowers. This platform is broken down into two products: a digital asset savings account (made up of lenders) and a peer-to-peer lending marketplace (for supplying borrowers).
Digital asset savings account – a liquidity pool in which to deposit crypto assets and earn interest, operated by a smart contract that executes deposits, withdrawals, loans, and repayments. DeFiner does not control the DeFi savings account; users transact directly in a non-custodial manner.
The automated nature of the protocol leads to efficiency and a reduction in total costs. This allows DeFiner to pay significantly higher compounding interest on user deposits than standard banking.
Peer-to-peer lending marketplace – a place for borrowers to obtain a crypto loan. The borrower puts his/her digital assets up as collateral, which then disperses the loan from the savings accounts, all of which is facilitated through our Ethereum smart contracts. No middleman. No credit check. No paperwork.
This method is cheaper, more convenient, more secure, and more accessible than standard banking.
Assurance of DeFi Value with Chainlink
DeFiner liquidity pools need secure and reliable price data to provide assurances to savings account holders that their funds will always remain secure. This is particularly important in DeFiner when it comes to making sure that loans are always issued for the correct amount and that undercollateralized loans are accurately liquidated.
Chainlink’s price reference feeds provide DeFiner with accurate, highly available, and tamperproof price feeds used to price assets in our savings account. The current implementation supports ETH and the following ERC20 tokens: DAI, USDC, USDT, BAT, and ZRX. Each token has its own borrowing power specified in the DeFiner smart contract. When an account initiates a loan of a particular token, the maximum amount of the token that it can borrow would be its total available collateral multiplied by the borrowing power of the token.
In the DeFiner smart contract, a user’s LTV (loan to value) is defined as the ratio of the value of the tokens an account borrows to the value of the tokens it deposits as collateral. The LTV will increase as the price of collateral tokens drops. If an account (or a liquidator) calls for liquidation of a borrower, the contract will first fetch the price from Chainlink and then check the latest LTV of the borrower. The liquidation opportunity is available if the LTV exceeds a predefined liquidation threshold. Otherwise, the liquidator’s request will be rejected. In the liquidation process, the liquidator purchases the borrower’s collateral at a discounted market price, which resets the borrower’s LTV back to the value set by borrowing power.
Some of the other key features we found valuable in Chainlink’s price feeds were its use of decentralization at both the node and data level, meaning there is no single node or data source that is a centralized point of failure. The oracles retrieve price data from multiple data aggregators, which protects against single exchange sandwich attacks and quick volume shifts between exchanges that can distort asset prices. Lastly, they provide transparent real-time visualizations that allow any of our users to check the current on-chain price, verify how price updates occur, know which nodes are providing data to the oracle, and much more.
“DeFiner's mission is to provide the safest and highest-return DeFi lending solution in the industry,” said DeFiner Founder and CEO Jason Wu. “The integration of Chainlink strengthens our DeFi savings smart contract by making sure that all assets held within are highly secure, using robust and transparent decentralization. We look forward to working with Chainlink to continue expanding our liquidity pools to provide users with a greater selection of assets and financial services.”
We’re excited to offer users around the world with a higher-yielding, non-custodial savings account that can beat out traditional bank accounts.
About Chainlink
If you’re a developer and want to quickly get your application connected to Chainlink Price Reference Data, visit the developer documentation and join the technical discussion in Discord. If you want to schedule a call to discuss the integration more in-depth, reach out here.
Chainlink is an open-source blockchain abstraction layer for building and running decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs. It provides oracles to leading DeFi applications like Synthetix, Aave, and Kyber Network; numerous blockchains such as Ethereum, Polkadot, and Tezos; as well as large enterprises including Google, Oracle, and SWIFT.
About DeFiner
Definer is a true peer-to-peer fintech platform for digital savings, loans, and payments.
DeFiner’s DeFi Lending platform enables users to effortlessly lend, borrow, and earn digital assets within a global network.
The DeFiner Organization was founded in Feb 2018 and includes a diverse team of subject matter experts in blockchain, economics, finance, business, computer science and digital marketing. Our core team is based in Minneapolis, but we also have colleagues located in San Francisco & New York. Together we share a common mission of advancing financial trust, growth & simplicity through the blockchain!
Join DeFiner today!
Connect with us at:
https://definer.org/
contact@definer.org
Nah.. $2 is the price you wish you loaded at..lol
Strong orders coming in..Guessing we will close at $1.50 and $1.75 after hours
Undervalued right now but after today I expect GEVO to trend upward
DeFiPie Integrates Chainlink Price Feeds for BTC/USD, ETH/USD, & LINK/USD
Aleksei Kopievskii
Aug 25 · 4 min read
We are thrilled to announce that DeFiPie is live on testnet consuming Chainlink’s BTC/USD, ETH/USD, and LINK/USD Price Reference Data feeds. The Chainlink integration will enable the DeFiPie app to source accurate and reliable price data for our borrowing and lending marketplace, yield farming functionality, and liquidity pool and governance token staking once it launches on mainnet.
DeFiPie is a UX-focused all-in-one DeFi platform where users can manage funds according to custom risk and return thresholds. The DeFiPie app allows users to earn returns on crypto assets similar to a money market account with options to allocate assets to higher risk protocols. We are broadening the market for DeFi by creating an intuitive user experience that makes joining DeFi markets as easy as logging into an exchange and making trades.
DeFiPie will use Chainlink’s oracle data to perform outputs that are specified by users. For instance, DeFiPie users may request that a loan agreement is formed when interest rates for ETH/USD reaches a certain level. DeFiPie will request the ETH/USD price data, feed it into our interest computation algorithm, and the smart contract will form the loan agreement if the interest rate meets the criteria. By using Chainlink technology, DeFiPie users can create a fully customizable interaction with DeFi and be fully confident that their contract conditions will execute exactly as instructed with accurate and reliable data.
Chainlink is the market-leading decentralized oracle network specializing in securely and reliably connecting blockchains to real world data and APIs, including 39 live price feeds for all of the most prominent trading pairs in DeFi. These price feeds offer several strong guarantees to our users relying on them for key functions, including:
Accurate price data sourced from multiple high quality off-chain data aggregators, which provide volume adjusted market coverage across all trading environments — no single source of truth
High availability and tamper-resistant data delivery via its decentralized node network architecture made up of Sybil resistant node operators run by leading blockchain DeVops and security teams — no single point of failure
Proven price oracles that are live on mainnet and currently secure over $1.5+ billion in USD value for many top DeFi applications like Synthetix and Aave — proven success in-production
Transparent on-chain visualizations that allow any user to independently monitor the price data on the network such as the current price, the nodes providing data to the oracle, the update frequency, and more — transparent price feeds
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The open visualization available to developers and users as a means of monitoring the health of the ETH/USD Price Reference Feed
In addition to these key features, we chose Chainlink because of its ability to support our aggressive launch and scaling schedule. Their Price Reference Data model is an established framework for launching new and/or joining existing price feeds to quickly support additional collateral options as we scale. This allows us to scale rapidly, as the backend oracle development work is complete and proven to be reliable. DeFiPie has been careful to work solely with teams that have already demonstrated that their technology works flawlessly, and Chainlink passes this criteria easily.
“Chainlink’s technology is critical to scaling DeFi for mass adoption,” said Aleksei Kopievskii, DeFiPie CEO & Lead Developer. “The already live and reliable BTC/USD, ETH/USD, and LINK/USD price oracles will save us tremendous backend development, letting us deliver on a safe and exceptional user experience without having to build out our own entire oracle network. As we scale and need to add more collateral options, we’re confident in Chainlink’s ability to rapidly provide whatever data feeds we need.”
About Chainlink
If you’re a developer and want to quickly get your application connected to Chainlink Price Reference Data, visit the developer documentation and join the technical discussion in Discord. If you want to schedule a call to discuss the integration more in-depth, reach out here.
Chainlink is an open-source blockchain abstraction layer for building and running decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs. It provides oracles to leading DeFi applications like Synthetix, Aave, and Kyber Network; numerous blockchains such as Ethereum, Polkadot, and Tezos; as well as large enterprises including Google, Oracle, and SWIFT.
We all know when companies with low float does, when their pps runs it usually runs hard.. I am expecting that on GEVO especially with that billion contract.. Hopefully they are working on other contracts as well..
That would be something Investor3 I am sure Brendan Eich and his crew have something up their sleeves.. Having said that I think my 2400 LINK will make it up and some..
Only holding 1.1 BTC now.
$2 is inching in..
Let see $2 tomorrow and $3 on wednesday