Anzen officially joins the Chainlink BUILD program

Anzen has formally proclaimed its intention to develop a partnership with the Chainlink BUILD program. This will allow them to accelerate the ecosystem’s growth and broaden the adoption of decentralized lending in terms of institutional standards and real-world assets (RWAs). This will be accomplished by connecting with Chainlink’s top Oracle solutions and receiving technical support. Furthermore, Anzen will promote stronger crypto-economic security. In exchange, Anzen will deliver network fees and other benefits to the Chainlink community, service providers, and stakeholders.

Anzen’s vision includes the migration of RWAs onto the blockchain by developing a highly dependable lending protocol centered on RWAs in the marketplace. Their objective is to provide RWA-supported yields for the benefit of depositors and to enhance connectivity with the capital needed by prime credit issuers, thereby collectively contributing to expanding the global economy.

Anzen focused on BUILD to maximize the benefits associated with the dependability and security aspects of Chainlink’s Oracle framework. By establishing a connection with Chainlink BUILD program, Anzen will gain access to Chainlink Automation, which enables the activation of smart contracts in response to events such as interest and repayment periods; CCIP, which facilitates cross-chain linking; and Proof of Reserve, which verifies off-chain reserves. Off-chain data, custom compute functions, and communication with the latest Chainlink product alpha and beta releases will be included.

Stakers and other Chainlink service providers will have access to 5% of Anzen’s native token supply in return for their services.

According to the founder of Anzen, Ben Shyong, through the association with the Chainlink BUILD program, they will be able to shift real-world assets on-chain and boost RWA-oriented lending. He believes this will turn out to be a long-term deal.

Chainlink is the benchmark for decentralized computation platforms, boosting the authenticable web. Chainlink has been instrumental in carrying out extremely large volumes of transactions by making provisions for institutions, startups, and developers to gain connectivity with real-world data, as well as computation and safe cross-chain interoperability throughout every blockchain.

Ansen is a decentralized lending platform that has been developed by an expert team involved in credit investment to secure the DeFi arena and make it possible to further use cases for stablecoins.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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