- Chainlink welcomes long-term participants and Chainlink supporter Akron Finance to the Chainlink Build program.
- Akron Finance highlighted security and reliability as key reasons for joining the Chainlink BUILD program.
The Chainlink BUILD program has welcomed a new member. As announced by both platforms, Akron Finance is the newest platform to join the BUILD program.
🏗️ #ChainlinkBUILD 🏗️@AkronFinance has joined #Chainlink BUILD to help accelerate the adoption of Akron Crossing Network.
In return, the project will make 5% of its native token supply available to Chainlink service providers, including stakers: https://t.co/bB6r07HZTu
Akron… pic.twitter.com/0anr0FoUVP
— Chainlink (@chainlink) April 19, 2023
Akron Finance is a platform that was created for the sole purpose of building a decentralized exchange. AkronFinance is looking to offer users a major perk, with its unique feature. The goal of the decentralized exchange is to enable trading for large crypto positions with the lowest friction.
The platform spoke of its goals as a new BUILD member, and its plans to utilize the Akron Crossing Network within the Chainlink network. Akron Crossing Network is a decentralized alternative trading system (ATS).
Excerpts of the announcement revealed that the maximization of security and reliability that the chain-link oracle infrastructure provides, are some of the critical reasons why Akron Finance is joining the BUILD program.
Akron Finance joined BUILD to maximize the benefits of security and reliability that Chainlink oracle infrastructure provides. As part of BUILD, Akron Finance will receive key benefits, including access to and integration of secure, high-quality market data through Chainlink Price Feeds, the ability to seamlessly automate a swap function through access to Chainlink Automation, and access to new Chainlink product alpha and beta releases, among other benefits.
Accelerating the awareness of Akron Finance is a top priority
It is worth noting that both parties have already crossed paths, as AkronFinance reveals that it has been a long-term active participant and supporter of Chainlink. For Akron Finance, its participation in Chainlink BUILD allows for priority support from the entire Chainlink ecosystem. Furthermore, it builds a stronger incentive alignment between the Akron Finance and Chainlink community.
In its official announcement, AkronFinance detailed the many benefits that would precede the recent move, as well as the impact it will have on increasing awareness for AkronFinance in the long run.
We’re confident that through enhanced support, secure off-chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Akron Finance and realize the adoption of a crossing network for large orders in DeFi.
Chainlink BUILD is an initiative spearheaded by Chainlink Labs. The program was mainly designed to aid Web3 projects. Early-stage and well-established Web3 projects can look to Chainlink to accelerate their growth, as the platform seeks to provide these projects with enhanced access to Chainlink services and technical support.
Chainlink introduced Chainlink BUILD in September of 2022, as a part of its Chainlink Economics 2.0 rollouts.
In return, Chainlink gets commitments of network fees, alongside a handful of other incentives revived by Chainlink service providers. Chainlink maintains that aligning economic incentives between communities helps build mutual, long-term success between both ecosystems.
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