The Chainlink Community Grant Program provides financial resources to the many development teams and researchers building a more functional, accessible, and socially impactful Chainlink Network. Our next grant has been awarded to Protofire, a provider of blockchain development services, to natively integrate Chainlink oracles into the mobile-first blockchain platform Celo. The grant will go toward supporting hybrid smart contract applications built on Celo’s global payments infrastructure. Most notably, it will establish support for Chainlink Price Feeds, ready-made decentralized oracle networks that supply dApps with high-quality, up-to-date financial market data on-chain in a tamper-proof manner.
Having direct access to Chainlink Price Feeds will enable Celo developers to build DeFi applications dependent on global exchange rates, ensuring users can accept payments in a variety of cryptocurrencies. Chainlink Price Feeds not only enhance the security of Celo’s stablecoins, but can also be used with new financial products like lending/borrowing, asset management, remittances, and more. Additionally, Chainlink oracles have broader functionality, such as verifying the completion of external events before executing payments. This can be used for a variety of use cases, like confirming microtasks before triggering payouts or determining weather conditions for parametric crop insurance settlements.
As part of the grant, Protofire will provide several key components to the integration, including:Validating and adapting the off-chain Chainlink stack to ensure compatibility with Celo Testing and deploying all Chainlink components to Celo mainnet, with continual maintenance and upgrades Automated tests to verify the integration of Celo and Chainlink using test node instances Documentation detailing how developers can integrate with Chainlink on Celo
Protofire is a recognized provider of development services and consultancy fo...