Ostium Integrates Chainlink Data Streams To Power Low-Latency Crypto Feeds
Ostium has integrated Chainlink Data Streams to power high performance, low-latency crypto feeds.
We’re thrilled to announce that we’ve integrated Chainlink Data Streams on Arbitrum. Chainlink's industry-standard pull-based low-latency oracle solution now powers Ostium's decentralized perpetuals on crypto assets.
Our initial integration involves the use of the BTC/USD and ETH/USD Chainlink Data Streams. We chose Chainlink Data Streams as our preferred low-latency oracle solution for crypto feeds because they supply premium high-frequency market data using Chainlink’s proven infrastructure. Chainlink’s track record of performance and security allow Ostium to leverage high-speed onchain execution without compromising on transparency and decentralization.
The Ostium Protocol is an open-sourced, decentralized exchange on Ethereum Layer 2 Arbitrum, enabling transparent and non-custodial trading on both digital and Real World Assets. More specifically, Ostium is building decentralized trading infrastructure to allow you to trade any asset as a perp—all fully onchain. With Ostium, users gain access to a wide array of assets and the ability to engage in perpetual trading with transparency and control.
Secure, high-frequency market data is critical to facilitating this trading experience for onchain users. Ostium needed on-demand access to high-frequency market data backed by decentralized and transparent infrastructure. This integration not only ensures excellent performance but also aligns with our commitment to a secure and reliable DeFi ecosystem.
Chainlink Data Streams supports a number of critical features:
- Sub-second price resolutions: Chainlink Data Streams provide sub-second data delivery using battle-tested oracle infrastructure, enabling a highly performant user experience without compromising on DeFi values such as decentralization and transparency.
- Frontrunning protection: Chainlink Data Streams make use of conflict of interest-free data sources and a commit and reveal architecture to help ensure traders and liquidity sources are protected against malicious price manipulation and information arbitrage.
- Improved risk management: With Data Streams, protocols receive access to a growing array of data beyond price, including granular market liquidity and volatility data that enables improved capital efficiency and dynamic updates to risk management parameters.
- Time-tested infrastructure: Chainlink is a platform with proven robust security, hyper-reliability, and high quality data that’s been operating in production for years, helping enable over $12 trillion dollars in onchain transaction volume for leading DeFi applications.
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“We're excited to integrate Chainlink Data Streams into Ostium, which is a significant step in our commitment to delivering a secure, transparent, and efficient experience for our users. Chainlink's low-latency oracle solution enables users to access performant, secure, and high-frequency market data across Ostium’s digital asset offerings,” says Kaledora Kiernan-Linn, co-founder of Ostium Labs..
About Chainlink
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $12 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About Ostium
Ostium is building perpetuals trading infrastructure to enable the ‘perpification’ of both digital and Real World Assets – beginning with crypto, FX, commodities, and indices. Core to Ostium’s thesis is the belief that perpetuals will front-run tokenization to become the preferred method for onboarding non-digital assets onto blockchains, offering a more scalable, reactive, and crypto-native solution that focuses on enabling trading rather than simply holding assets. Ostium is live on Arbitrum testnet today with 19 assets, including USD/JPY, Nikkei225, WTI Oil, Bitcoin, and more.
