On January 31st, Chainlink unveiled its latest innovation, the Chainlink DeFi Yield Index (CDY Index), designed to streamline the analysis of decentralized finance (DeFi) lending rates. This new product employs the Chainlink framework to systematically aggregate yield rates across various platforms within the DeFi ecosystem. By harnessing cutting-edge blockchain indexer and database technology from Space and Time, the index aims to deliver precise, real-time data on on-chain activities. The CDY Index prioritizes accuracy and market representation, making it a valuable tool for investors seeking informed insights into the evolving lending landscape. This strategic advancement by Chainlink underscores its commitment to enhancing transparency and efficiency in the DeFi space, reinforcing its position as a leader in decentralized oracles.
Source: https://en.coinotag.com/breakingnews/chainlink-launches-innovative-defi-yield-index-to-revolutionize-market-data-aggregation/