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Home Crypto News

How Will the Web3 Change with Lympid and Chainlink?

Rida Sarwar by Rida Sarwar
June 22, 2023 - Updated on August 2, 2023
in Crypto News
Reading Time: 2 mins read
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Key Takeaways:

  • Lympid allies with Chainlink BUILD for bolstered access to oracle services and security in its Web3 exchange platform.
  • Lympid will allocate a portion of its native token supply to Chainlink service providers and stakers.
  • The alliance streamlines user experiences in accessing DeFi protocols and delves into Web3 innovation through a neo-banking platform.

In a game-changing move, Lympid, a formidable player in the CeDeFi (Centralized Decentralized Finance) terrain, has announced its strategic alliance with Chainlink BUILD. This integration aims to leverage Chainlink’s robust oracle services and technical aid, bolstering the security and usability of Lympid’s cutting-edge Web3 exchange platform.

Daniel Stevens, CEO of Lympid, remarked, “Our partnership with Chainlink is a monumental stride in driving accessibility and innovation in the Web3 realm. We’re ecstatic to deliver seamless and secure solutions to our user base, propelling them to the forefront of the DeFi wave.”

🏗️ #ChainlinkBUILD 🏗️@lympid_official is joining Chainlink BUILD to gain enhanced access to Chainlink's industry-leading oracle services and technical support, which helps support the security and usability of its Web3 exchange platform.

In return, Lympid will make multiple… pic.twitter.com/AEY83UdboU

— Chainlink (@chainlink) June 22, 2023
Source: https://twitter.com/chainlink/status/1671854071874027520?s=20

Lympid, known for offering a streamlined gateway into the DeFi ecosystem, focuses on an optimized user experience. The platform caters to both the Web3 curious and seasoned blockchain enthusiasts, serving as a multifaceted conduit into the DeFi landscape.

By shedding the complexities such as gas fees and contract approvals, Lympid creates a seamless neo-banking experience. One that will replete with familiar financial tools and an IBAN account’s comforts.

As part of the partnership, Lympid will earmark a percentage of its total native token supply for Chainlink’s service providers, including those who engage in staking. This quid pro quo aligns with Lympid’s commitment to fortifying the crypto ecosystem and fostering innovation.

One of the focal points of this collaboration is the integration of Chainlink Price Feeds into Lympid’s platform, further fortifying its data integrity and accuracy. Additionally, Lympid will get priority access to Chainlink’s alpha and beta product releases, thereby staying at the cusp of innovation.

Lympid is shaping up to be an all-encompassing hub for users to immerse themselves in the Web3 landscape, interact with secure DeFi protocols, and gain exposure to staking yields or curated digital asset portfolios encompassing the metaverse, DeFi, NFTs, and more.

Tags: Crypto Market News
Rida Sarwar

Rida Sarwar

Rida Sarwar, a seasoned journalist with a knack for the new-age financial landscape. With 5+ years under her belt, Rida has an extensive background in Crypto, Fintech, and Blockchain journalism. Her analytical skills, coupled with her passion for decrypting complex tech phenomena, make her a reliable source for insightful, well-researched narratives. Guiding the uninitiated through the maze of the digital finance world, one article at a time. 📚💻🌐🚀

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