Spicenet, a brokerage network that enables users to holistically access DeFi avenues across all ecosystems, has officially joined the Chainlink BUILD program. The BUILD program is a Chainlink Labs initiative that aims to help both emerging and established Web3 projects grow by providing them with Chainlink services and technical support.
Through this integration, Spicenet leverages Chainlink oracle infrastructure to improve its ecosystem connectivity, network security, and data reliability as it scales its DeFi interoperability solutions. Spicenet is an interoperability Layer-1 protocol designed to allow users to seamlessly access DeFi networks across the wider decentralized environment. Using its sovereign rollup network built on the Celestia blockchain, Spicenet resolves the shortcomings in today’s DeFi environment, including complexity, fragmentation, and liquidity mismatches. Through actualizing its mission, Spicenet redefines how DeFi operates by making decentralized applications more seamless, rapid, transparent, and accessible.
What This Integration Unlocks for Spicenet
According to the announcement disclosed today, Spicenet joined Chainlink’s BUILD program to maximize the benefits of the reliability and security that Chainlink‘s oracle infrastructure offers. By becoming part of the BUILD program, Spicenet gains advanced access to Chainlink’s oracle services and technical support, an infrastructure that enables it to accelerate the growth of its DeFi ecosystem and advance the long-term adoption of its cross-chain applications.
In order to help support secure operations of various DeFi networks across its ecosystem, Spicenet needed access to fresh oracle infrastructure to expand how DeFi protocols use trusted data and cross-chain connectivity in its ecosystem.
Chainlink is a prominent interoperability solution that powers the majority of DeFi ecosystems. The incorporation of Chanlink’s oracle technology brings new capabilities in Spicenet, giving users and projects on Spicenet more trusted and secure real-world data and tools to connect with applications within the wider DeFi space. Furthermore, Chainlink’s CCIP architecture ensures the Spicenet ecosystem is more interoperable with the advancing landscape of DeFi protocols.
In exchange for these services, Spicenet will make a percentage of its native token (SPICENET) supply available to Chainlink service providers, including stakers, a relationship that mutually benefits the two platforms.
Advancing Cross-Chain DeFi
The partnership between Spicenet and Chainlink highlights the increased demand for frictionless interoperability between DeFi networks to unlock the full transformative potential of the decentralized finance environment. By integrating Chainlink’s CCIP infrastructure into its network, Spicenet now runs seamless cross-chain interoperability that enables it to enhance liquidity in its ecosystem and unleash greater access to new market opportunities for users and Web3 platforms.
