The developers of the ETH Lido staking platform have announced support for Chainlink price oracles for the stETH / USD pair.
Now any projects in the field of decentralized finance (DeFi) will be able to access Chainlink price oracles and receive the necessary data on the stETH / USD pair. The Lido developers hope that this will expand the use of stETH in DeFi protocols.
“The Lido platform is pleased to announce support for the first of Chainlink’s price data streams, which will enable DeFi protocols to quickly and securely support Lido’s assets for staking,” the company said in a blog post.
According to one of the founders of Lido, Vasily Shapovalov, the support of Chainlink oracles is an important step for the implementation of a new wave of integration of Lido assets for staking into various DeFi projects. Now stETH can be used by market makers and profitable projects.
“Chainlink is a great helper for DeFi protocols looking for a quick and easy way to add new assets. Oracles can reduce the amount of manual labor and the risks arising from the use of untested solutions, ”Shapovalov emphasized.
There are plans to add support for Chainlink price oracles for bLUNA and stSOL assets in the future. Also, the Lido developers are exploring the possibility of automating part of the platform’s smart contracts functionality using the Chainlink Keepers Network solution.
In August, it was reported that more than 6.7 million ETH were blocked for staking in Ethereum 2.0.
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