Łukasz

[Zach Rynes | CLG @ChainLinkGod]

TL;DR $LINK is a bet on the adoption of smart contracts, regardless of what use case vertical, application, or public/private blockchain sees wide adoption

- Only decentralized platform that provides secure access to external data, offchain compute, and cross-chain interoperability (does not compete with blockchains but complements them)
https://t.co/LkKwBNp5qz

- Launched three new products last year that span each of these verticals:

- 1) CCIP (early access); the most secure cross-chain messaging protocol, only protocol with an independent risk management network, enabling programmable token transfers and arbitrary data messaging, already used by @aave, @synthetix, @swellnetworkio, and more, as well as growing usage by institutions (I expand below)

https://t.co/laZWfhca8U

https://t.co/krXH1dbTlT

https://t.co/WwobKx1RFf

- 2) Data Streams (early access); low-latency pull-based oracles for market data, already used by @GMX_IO in-production (1.2% fee-share deal) with committed usage by the vast majority of Arbitrum perp protocols
https://t.co/oxrvE7880k

https://t.co/RjLiw2i7YX

- 3) Functions (beta); a self-service oracle platform, allowing devs to run serverless compute offchain (Javascript) and connect to any API (authenticated or open), enabling Web2 devs to more easily connect their services to smart contracts (collabs w/ AWS, Meta, and GCP)
https://t.co/Y1ktLF3axN

- Each of these above services have been monetized since day-one, where users either pay directly in $LINK, or in alternative assets (e.g. gas tokens) at a 10% surcharge, which will then be converted to $LINK and paid out to service providers (incl stakers), token needed

https://t.co/dxREH5z1CS

- Actively reducing payment friction to support monetization and economic sustainability, including usage-based payments, user-fee sharing, BUILD program (80+ projects have allocated 3-7% of token supply to CL network), and SCALE program (8+ chain ecosystems are covering oracle network operating costs)

https://t.co/b1qRqS4Nqx

https://t.co/aFSupj8d5K

- Working with the largest financial institutions in the world on adopting tokenized assets via CCIP, including Swift, DTCC, Clearstream, Euroclear, BNY Mellon, BNP Paribas, Citi, ANZ, Lloyds, and SDX
https://t.co/MAQr1eKXal

https://t.co/cYjt2ETfpx

https://t.co/9wBHdxDOaf

https://t.co/W0J1VHCnvv

- CCIP not only facilitates interoperability between any private/public blockchain, but connects institutions' backends to any public/private blockchain via their existing infrastructure and established banking messaging standards like Swift
https://t.co/CWgdYWEtZN

https://t.co/GH58zA8j4t

- Banks will increasingly launch their own bank blockchains to issue tokenized assets, and they need an interoperability solution sell these assets to counterparties on other chains, initially to other private chains, but public chains provides the largest pool of asset buyers, CCIP spans both worlds
https://t.co/0R7jEuLgvS

https://t.co/KeuCdeN2qK

- Chainlink is the only platform that meets the three fundamental requirements of tokenized RWAs (a unified platform providing external data + cross-chain)
https://t.co/yB6tZldT3C

https://t.co/6SS99dWC2s

- One of the largest developer ecosystems with 2,000 projects in the Chainlink ecosystem, tens of thousands of devs, and a platform which spans 19+ blockchain ecosystems
https://t.co/l1ScDSGkev

- Continues to dominate market-share in DeFi, 4+ years running, with 1,000+ Price Feed oracle networks with $18B total value secured and $9T total value enabled, used by nearly every notable DeFi protocol
https://t.co/Vfde07N04E

- Chainlink platform now provides seven distinct services including CCIP, Data Feeds, Proof of Reserve, Data Streams, Functions, Automation, and VRF
https://t.co/A0PeImAvno

- The advantages of being a platform is that as projects integrate one CL service, there's little-to-no additional trust-assumptions to integrating other CL services to perform other tasks for their smart contracts, already seeing this

- Chainlink doesn't have any real competitors because no other protocol comes even close to matching the same scope of what Chainlink is doing
https://t.co/1Uhus0wvJO

- One of the strongest token communities across Web3, that will defend Chainlink until their death (cult communities are good, decentralized immune systems are good)

- RWAs, capital markets, and cross-chain are some of the largest narratives in crypto and will continue to grow, Chainlink is at the center of these narratives, not because it's riding the narrative like XRP, but because it's actually providing useful infrastructure to solve real fundamental problems
https://t.co/GLaRz5NCqh

https://t.co/JGqvHFHxju

More resources:
https://t.co/lPujTDHSkx