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Market & data feeds

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Revision as of 06:07, 4 May 2022 by Reggie (talk | contribs)

Quick take: Market & data feeds

Chainlink feeds.png

Secure, Aggregated Market Data
Chainlink market and data feeds are decentralized oracle networks that provide aggregated financial market data. These purpose-built price feeds provide broad market coverage across a wide array of assets.

Supported chains

EthereumLogo.png
PolygonLogo.png
BinanceSmartChainLogo.png
GnosisXDaiLogo.png
HuobiEcoChainLogo.png
AvalanceLogo.png
Arbitrum Logo.png
FantomLogo.png
OptimismLogo.png
MoonRiverLogo.png
HarmonyLogo.png

In depth

The history of Chainlinks market and data feeds can be broken out into specific contract-based milestones. The first contract iteration, Runlog ran its first Ethereum mainnet job on the May 29, 2019. Runlog was followed by Flux monitors, the first of which was deployed on August 06, 2020. Nine months later, (06 May 21), saw the deployment of the latest iteration of Chainlinks market and data feed contracts, the OCR (Offchain reporting) contracts.

  1. Direct Request / Runlog (DR)
  2. Flux Monitor (FM)
  3. Offchain Reporting (OCR)
  4. ??? (what could be next)

Chainlink Price Feeds are on-chain reference contracts that are automatically updated by decentralized oracle networks (DONs) consisting of Chainlink nodes. Each reference contract stores the latest and the historical price of an asset in the form of an exchange rate (e.g. BTC/USD), which smart contracts can then query on-demand. Each Chainlink Price Feed runs on a specific blockchain network and regularly updates with fresh data based on predefined parameters. [1]

  • Deviation threshold - A new data aggregation round starts when a Chainlink node identifies that an off-chain data value deviates by more than the defined deviation threshold from its on-chain value.
  • Heartbeat threshold - A new data aggregation round starts after a specified amount of time from the last update. If the deviation threshold is not reached within the time of the heartbeat, the feed will be updated.

Use cases


Relevant quotes


Timeline

2021

  • 14 Dec 21. Market & data feeds go live on Harmony mainnet. Read the announcement HERE.

  • 01 Dec 21. Moonbeam, announces the native integration of Chainlink price feeds on Moonriver. Read the announcement HERE.

  • 01 Sep 21. Market and data feeds go live on the Optimism mainnet. Read the announcement HERE.

  • 18 Aug 21. Market & data feeds go live on Fantom mainnet. Read the announcement HERE.


  • 21 Jul 21 Chainlink price feeds launch on Avalanche mainnet. Read the official Avalanche labs announcement HERE.

  • 09 Mar 21. Market and data feeds go live on HECO chain mainnet. Read the announcement HERE.

  • 04 Mar 21. Market & data feeds go live on Gnosis/xDai mainnet. Read the announcement HERE.

2020

  • 10 Dec 20. Binance Smart Chain integrates Chainlink's decentralized oracle network on its mainnet. Read the announcement HERE.

  • 19 Nov 20. Matic/Polygon announces the launch of 5 Chainlink price feeds on mainnet. Read the full announcement HERE.

2019

  • 07 Sep 19. Chainlink announces the launch of 7 new crypto price reference data sets on Ethereum. Read the announcement HERE.

  • 30 May 19. Ethereum Mainnet Launch. Chainlink on Ethereum mainnet released. Read the announcement HERE.

  • 14 May 19. Sergey Nazarov announces at Consensus 2019 that Chainlink for Ethereum Mainnet is launching May 30th. Watch the announcement HERE.

Market & data feed resources

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Timeline

Date Media Author Title
30 May 19 Article Chainlink Chainlink: Connected Consensus on Ethereum
14 May 19 Video Sergey Nazarov Chainlink for Ethereum Mainnet Announcement at Consensus 2019

Educational

Date Media Author Title
N/A Official Docs Chainlink Homepage: Data Feeds
N/A Official Docs Chainlink Introduction to Data Feeds
N/A Official Docs Chainlink Ethereum data feed addresses
N/A Infrastructure Linkpool Chainlink Market: Explore all the data Chainlink makes available
N/A Infrastructure Chainlink Chainlink Data Feeds: Explore the decentralized oracle networks powered by Chainlink
11 Oct 22 Video Chainlink Chainlink Price Feeds Simplified | Chainlink Explained
08 Oct 22 Video Chainlink Looking Under the Hood of OCR 2.0: Product Deep Dive | Lorenz Breidenbach at SmartCon 2022
28 Aug 22 Article Chainlink How To Obtain Historical Cryptocurrency Price Data Using Chainlink Price Feeds
27 Apr 22 Article Chainlink How Chainlink Price Feeds Secure the DeFi Ecosystem
XX Mar 22 Article Chainlink The Ultimate Guide to Blockchain Oracle Security
31 Dec 20 Article Chainlink The 3 Levels of Data Aggregation in Chainlink Price Feeds
17 Sep 20 Video Chainlink Chainlink Price Feeds | Chainlink Engineering Tutorials
31 Jul 20 Article Chainlink Data Quality for DeFi Smart Contracts