Howdy stakers! We have some exciting news to share with you.
Following the establishment of a solid liquidity base for osETH on Arbitrum, osETH will be getting a Chainlink Price Feed to provide accurate pricing data across the Arbitrum ecosystem.
Thanks to this integration, you can expect osETH to soon be featured in lending protocols on Arbitrum, creating more opportunities to apply the token for your needs and increasing its adoption across the different networks.
The choice of Chainlink as an oracle provider for osETH is no coincidence. Chainlink has a solid track record as the go-to price data standard in Web3. Its feeds already support leading DeFi protocols that handle tens of billions in smart contract value, such as Aave, Compound, and Spark (Maker). It provides top-notch security and stays reliable even during unexpected events like exchange downtimes, flash crashes, and data manipulation attacks through flash loans. In short, we have confidence that osETH usage across the Arbitrum ecosystem will be smooth and secure when backed by a Chainlink price feed.
We look forward to working with the Chainlink team to enable more usage for osETH as we continue expanding the token across more L2s.
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