ChainSafe Receives Grant to Natively Integrate Chainlink into Cosmos SDK
The Chainlink Community Grant Program provides financial resources to the many development teams and researchers building a more functional, accessible, and socially impactful Chainlink Network. We encourage talented individual developers and development teams to apply to the grant program here, or if you are a researcher and want to collaborate, contact us.
We’re excited to announce that ChainSafe, a leading blockchain protocol and infrastructure development firm, has been awarded a Chainlink community grant to perform a native integration of Chainlink into the Cosmos-SDK. The grant will support the many smart contract development teams within the Cosmos ecosystem wanting to build externally connected decentralized applications on Tendermint-based blockchains using Chainlink oracles. Once complete, the Cosmos ecosystem will be able to support a wide range of DeFi, NFT, gaming, and insurance products and markets thanks to seamless and native access to Chainlink’s time-tested and fully functional oracle networks.
Through funding provided by Chainlink community grant, ChainSafe will:
- Create a Cosmos-SDK module that supports Chainlink oracle networks by accepting aggregate signed data from a set of oracles and storing it in the blockchain state.
- Ensure compatibility with existing Chainlink Off-Chain Reporting (OCR) Data Feeds by supporting oracle reports produced by its peer-to-peer consensus protocol.
- Provide support for multiple data feeds within a single module instance and allow the module to interact with other modules to dispense rewards to valid participating data providers.
The creation of a Chainlink module for the Cosmos-SDK will enable application developers in the Cosmos ecosystem to access Chainlink’s widely used Price Feeds, including the most recent and historical data. The Chainlink module will also support the existing Chainlink OCR feeds already used in production and expand support for connection to any API, opening up access to premium authenticated data sources and enabling data aggregation to be done securely, reliably, and cost-efficiently.
Cosmos is an ever-expanding ecosystem of interconnected apps and services, built for a decentralized future. Cosmos apps and services connect using IBC, the Inter-Blockchain Communication (IBC) protocol, allowing users to freely exchange assets and data across sovereign, decentralized blockchains. The Cosmos-SDK is a highly flexible framework for building blockchains, which is based on Tendermint core and can interoperate through IBC. By integrating Chainlink into the Cosmos ecosystem, over 247+ applications/services and $78B+ in digital assets gain access to high-quality external data made available through decentralized oracle networks that are highly available, precise, and tamper-proof.
“We’re proud to continue our great relationship with Chainlink, helping expand the ecosystem into the Cosmos network with a custom Cosmos-SDK module. This is a giant step towards providing the Cosmos ecosystem with reliable oracles, empowering new use cases to be realized.” stated Aidan Hyman, Co-founder and CEO of ChainSafe. “We look forward to contributing our domain expertise in the Cosmos ecosystem by connecting Chainlink’s proven oracle infrastructure to the expanding list of Cosmos blockchains and applications and providing secure, reliable sources of external data.”
Through the Chainlink Community Grants program, we look forward to continuing to empower more and more Chainlink ecosystem teams, researchers, and social impact projects who are both researching and building key tools and infrastructure that accelerate the development of universally connected smart contracts, secure oracle networks, and impactful technology that improves the world. We will continue supporting the community as a key driver of Chainlink’s rapid growth, because only together can we make universally connected, hybrid smart contracts into the dominant form of digital agreement.
About the Chainlink Grant Program
If you want to learn more about the Grant Program, check out our recent blog post that further expands upon its goals and the criteria for submission. If you would like to participate in the Chainlink Grant Program, please apply here. Chainlink Community Grants are provided in cash and/or LINK.