Chainlink Launch SCALE to Accelerate its Ecosystem Growth

Chainlink Labs, the provider of state-of-the-art oracle service has introduced Sustainable Chainlink Access for Layer-1 and 2 Enablements, SCALE.

The Chainlink SCALE is a Chainlink Economics 2.0 project which focuses on speeding the rate of growth of blockchain and layer-2 ecosystems. It hastens users’ access to oracle products and services.

Likewise, the cost implication for accessing oracle services and configuration is greatly adjusted. Chainlink SCALE will cover the operating cost of Chainlink oracle networks. All these which improve the platform for the blockchain users are achieved while also increasing the economic sustainability of the Chainlink Network. 

The program was featured at the ongoing Chainlink’s annual Web3.0 conference, SmartCon 2022. So far, several on-chain blockchain ecosystems have adopted the Chainlink SCALE program. Amongst them are Avalanche, Metis, Moonbeam, and Moonriver. They have established their participation by covering the operating cost of some oracle networks. 

Blockchains Protocols Joins the Chainlink SCALE Program

Emin Gun Sirer, the Chief Executive Officer of Avalanche Labs said;

“We’re proud to join the Chainlink SCALE program to further support builders across the Avalanche community by making Chainlink services even more accessible and sustainable. Developers deserve the best, and the collaboration between Avalanche and Chainlink Labs is proving to be a bedrock for new innovation.”

As an advantage of covering the operating cost of the program, these ecosystems will equally enjoy the growth of their Decentralized applications (dApps). Also, their developers’ will gain access to a wide range of oracle services and configurations which are specific to their ecosystem needs. 

Apart from Gun Sirer, the CEOs of other participating on-chain ecosystems spoke of the benefit of the Chainlink SCALE. Elena Sinelnikova, Co-Founder and CEO of Metis believes that;

“By providing enhanced access to Chainlink services, developers on Metis can pioneer the next generation of decentralized applications that serve more complex use cases and scale to meet fast-paced global markets.”

Derek Yoo, CEO of Purestake and Co-Founder of Moonbeam and Moonriver is assured that the program will help “developers build cross-chain applications with highly in-demand oracle services like Price Feeds, while at the same time helping ensure the sustainability of this critical infrastructure across each network.”

In other news, Michael Patryn who goes by the moniker ‘Sifu’ has launched a Decentralized Finance (DeFi) platform dubbed UwU Lend.