Swell to join Chainlink BUILD for Oracle services and support

Swell is set to join the Chainlink BUILD program to enjoy access to Chainlink’s technical support and Oracle services.

The announcement was shared on the official X/Twitter account of Chainlink. The tweet read that the integration will support the use and security of liquid staking. Swell will make a percentage of its native token supply accessible to Chainlink stakers and service providers.

As a non-custodial Ethereum liquid staking platform, Swell boasts 700 million dollars in TVL (Total Value Locked). It makes it simple for users to stake Ether and entertain DeFi strategies in one spot.

The platform wants to support a decentralized liquid-staking ecosystem that one provider does not dominate. At the same time, Swell wants to save Ethereum’s censorship resistance and decentralization properties.

By joining the BUILD program, Swell will get several benefits, like integration with and access to Chainlink’s CCIP (Cross-Chain Interoperability Protocol) for cross-chain transfers. At the same time, Swell will gain access to Chainlink PoR (Proof of Reserve) for cross-chain reserve verification.

Some other benefits include functions for custom computer and off-chain data, automation for activating smart contracts, and price feeds for reliable market data. Swell also talked about the integration via an official post.

The post talked about how Swell Network will leverage BUILD to enjoy Chainlink’s reliability and security. Daniel Dizon, the founder of Swell, also talked about how everyone is excited to join Chainlink’s BUILD program. 

The partnership will expose Swell to Chainlink’s industry-leading services for the adoption of DeFi liquid staking. Everyone is looking forward to continuing the partnership together, and Swell is welcoming the Chainlink community into Swell, added Dizon. Given the market stature of the involved parties, the collaboration is expected to be a massive hit.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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