Nov 18 2020

Synthetix Gushes New Synthetic Oil Asset With Chainlink Partnership

published by David Abel
in blog Altcoin Buzz
original entrySynthetix Gushes New Synthetic Oil Asset With Chainlink Partnership

business partnerships chainlink defi soil synthetix

Synthetix has announced their partnership with Chainlink, leading to the launch of their Synthetic oil asset, sOIL. Synthetix utilizes a Chainlink decentralized oracle network to mirror the price movement of oil. The creation of sOIL gives DeFi users on-chain exposure to oil, which happens to be one of the most important commodities in the world as the world's economy relies upon oil....