We’d like to thank our passionate community of developers who have put in amazing work to expand and strengthen the Chainlink Network. Chainlink is the most widely-used blockchain oracle because of your efforts building out the decentralized network.

DeFi protocols are growing in the amount of on-chain value they secure, and as a result malicious adversaries are more financially incentivized to exploit any potential attack vectors. As warned about in our blogpost earlier this year The Importance of Data Quality for DeFi Smart Contracts, the largest vulnerability in DeFi are protocols reliant on price oracles with poor data quality.

Over the last few months, Chainlink embarked on a multi-city trip across China, Korea, Japan, and Singapore to accelerate the adoption of connected smart contracts. We continue to expand and decentralize the Chainlink ecosystem by adding project integrations, data providers, node operators, and developers from around the globe.

We are pleased to announce the official launch of the Chainlink Community Advocate Program! This will enable our passionate and talented community members to play a pivotal role in Chainlink’s mission to develop the technology, tools, and community necessary to shift the way the world does business via new smart contract-based economies.

We are excited to announce that Chainlink VRF (Verifiable Random Function) is now live on the Ethereum mainnet, generating a highly secure and provably fair source of on-chain randomness for blockchain applications. Several projects are already using Chainlink VRF live in production to secure critical smart contract functions:

Chainlink is now accepting RFPs for projects integrating Chainlink’s oracle network into blockchain partnerships that need high quality Chainlink oracles on their chain.Winning proposals will be awarded a Blockchain Integration Grant of $100,000+, with the potential for ongoing revenue around maintenance of the integration.

Research conducted and written by Ari Juels, Lorenz Breidenbach, and Florian Tramèr of Chainlink Labs As Ethereum’s popularity continues to increase thanks to tokenization, then DEXes, and now DeFi, we’re seeing unprecedented, consistently high gas prices for users of the network.

Expanding smart contracts from isolated silos to being able to connect to real-world data and traditional infrastructure via secure oracles is redefining the way developers think about and write smart contracts. Whether it’s receiving off-chain market data to trigger your DeFi smart contract or simply getting.

We are proud to have been one of seven sponsors of the 2020 Unitize Hackathon, offering a total of $5k in LINK bounties to blockchain developers integrating Chainlink oracles in novel smart contract application designs.

We are launching SmartCon #0, the first-ever Smart Contract Summit gathering developers, dApp builders, node operators, researchers, enterprises, and the community pioneering the smart contract frontier. The virtual conference will be hosted on August 28th and 29th.