Two Sigma Securities, a quantitative liquidity provider and market-making firm, is now a Chainlink data provider.
Two Sigma is one of the largest market makers in the traditional financial markets, and its venture arm recently raised $400 million across two funds that will invest in crypto and DeFi. As part of the process, Two Sigma will contribute its proprietary data to Chainlink’s decentralized oracle networks (DONs) with the goal of expanding the use cases of on-chain smart contract applications.
Chainlink is the most widely used oracle network with over 690,000 active users and has enabled a total value of over $6.1 trillion in transactions (TVE), according to Dune Analytics.
“Deep quantitative expertise to produce highly accurate price data is foundational to the growth and long-term success of the DeFi ecosystem,” said Chainlink’s head of data products Yaser Jazouane.
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About Author
Mike is a reporter covering blockchain ecosystems, who specializes in zero-knowledge proofs, privacy, and self-sovereign digital identification. Prior to joining The Block, Mike worked with Circle, Blocknative, and various DeFi protocols on growth and strategy.
Source: https://www.theblock.co/post/174886/two-sigma-securities-becomes-a-chainlink-network-data-provider?utm_source=rss&utm_medium=rss