Hastra Taps Chainlink to Support Yield Products Amid $19B+ Equity Backing From Figure

Chainlink Poised to Anchor DeFi Infrastructure, Says Grayscale Report

  • Hastra, a new DeFi platform backed by Figure with over $19 billion in equity, has collaborated with Chainlink to expand its yield products.
  • Chainlink is expanding its utility beyond traditional oracles, partnering with top blockchains to improve networks and create a better developer environment.

Hastra, a brand-new DeFi platform focused on yield products, announced it has teamed up with Chainlink (LINK) to expand its offerings. The Hastra protocol is backed by Figure, a leading home equity lender with over $19 billion in unlocked equity.

Hastra Partners With Chainlink for Secure DeFi Yield Products

In its announcement, Hastra revealed Chainlink is now its official oracle infrastructure. Hastra plans to leverage the Chainlink infrastructure across all its yield primitives, delivering high-integrity data. 

As a result, PRIME, wYLDS, and any future yield products from Hastra would function reliably and securely across the Solana blockchain. The integration includes secure data aggregation and cross-system compatibility, making Hastra’s products robust against volatility.

In the future, the Chainlink Cross-Chain Interoperability Protocol (CCIP) will serve as the key enabler for multichain ecosystem expansion. 

CCIP will allow assets and data to move securely between blockchains, setting Hastra up to expand beyond Solana. This could accelerate RWA-DeFi growth, especially with CCIP opening multi-chain doors.

Chainlink and Hastra Partnership
Chainlink and Hastra Partnership | Source: Hastra

Hastra is a brand-new DeFi platform focused on yield products. The platform lets users earn interest or returns on their crypto assets, similar to staking, but with a twist toward real-world assets (RWAs).

It is incubated by Figure, a prominent U.S.-based home equity lender. Figure specializes in unlocking value from home equity through loans and blockchain tech, totaling over $19 billion. This gives Hastra credibility and potential access to real-world financial flows.

Hastra is now live on Solana, a high-speed, low-cost blockchain popular for DeFi applications. The key focus of Hastra includes instant settlement, institutional participation, enterprise-grade RWAs, and DeFi integration. Core Hastra products are PRIME, wYLDS, and additional yield primitives.

The combination of Figure, Solana, and Chainlink could onboard institutional money into Hadstra. 

Blockchain Platform Integrating Chainlink 

Chainlink, on the other hand, is a secure bridge that feeds real-world data into smart contracts without trusting a single source. This prevents hacks or manipulation, which has been a huge issue in DeFi.

Without oracles like Chainlink, DeFi apps could not reliably interact with off-chain data, leading to risks like incorrect payouts. In the crypto space, Chainlink has gained wider use because its feeds and cross-chain tools support major DeFi systems.

As we reported last week, Grayscale placed Chainlink at the center of future decentralized finance infrastructure. A recent Grayscale report cited Chainlink’s expanding utility beyond traditional oracles. 

Chainlink, once primarily associated with price feeds, has evolved into a broader middleware layer that connects blockchains with external data sources. DeFi applications like Aave rely on the Chainlink data feeds for their smart contract operations.

As part of its effort to revolutionize the network and create a better environment for developers to operate, Injective also integrated Chainlink Data Streams.

Furthermore, 21Shares recently announced the listing of new crypto ETPs on Nasdaq Stockholm, including single‑asset exposures LINK and other cryptocurrencies.

Amid these developments, technical indicators point to a possible price rally for the LINK token. As of this writing, LINK is priced at $11.92, up 0.55% over the past 24 hours.

Source: https://www.crypto-news-flash.com/hastra-taps-chainlink-for-yield-products/?utm_source=rss&utm_medium=rss&utm_campaign=hastra-taps-chainlink-for-yield-products