Penguin Finance Integrates Chainlink Verifiable Random Function

In an important move, the Chainlink Verifiable Random Function (VRF) has been integrated by Penguin Finance. Penguin Finance is a well-known gamified hub on the Avalanche blockchain. By using the capabilities of VRF, it will be able to offer completely tamper-proof random numbers to choose the winner on its gaming platform. In other words, the process of rewarding the players will become completely reliable and reassuring in nature. 

Most crypto and DeFi experts are bullish on Chainlink forecast as the name is increasingly becoming the leader in the gaming market. Its Verifiable Random Function (VRF) is based on decentralized technology. The Oracle-based network is well-known among the industry players for its reliable, secure, and transparent capabilities. On the other hand, Penguin Finance has also carved a place for itself among gaming enthusiasts. In the last couple of months, it has built a complete gamified ecosystem that offers many distinctive competencies such as low fees, fast transactions, and the highest levels of decentralization. In terms of its current features, users have access to farming, yield aggregation, staking, and fundraising capabilities. In addition, the platform offers gaming domain-related dApps which cannot be found on any other blockchain. 

The integration of VRF will help Penguin select winners among players who participate in the Penguin Arena game. The selection of the winner requires the platform to access a completely independent and auditable RNG. Now the issue with on-chain data is related to their safety and security. At the same time, in the case of off-chain data, problems related to transparency always come across as contentious. However, incorporating Chainlink VRF will solve issues related to both on-chain and off-chain data, thereby ensuring complete peace of mind for both the Penguin platform and gamers. The partnership is expected to create value for both organizations involved in this compact and help the entire gamified DeFi space to grow further in its scope and influence.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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