Truflation Adopts Several Chainlink Services To Power Custom Indexes on Index.fun

We’re excited to announce that Truflation has adopted multiple Chainlink services to power Index.fun markets on Base. Specifically, the integration involves Chainlink Automation to trigger rebalancing indexes, Chainlink Data Streams and Chainlink Data Feeds for pricing index components, and Chainlink CCIP to expand our payments and prediction pools to be cross-chain. 

Index.fun shatters traditional market barriers by allowing anyone to build and deploy institutional-grade indexes in minutes. Index.fun enables users to build custom indexes from verified data streams and deploy with a single click. Index.fun is launching on Base first with USDC as the primary token for payments and predictions.

Enabling Secure Indexes With Chainlink Data

We chose Chainlink Data Streams as our preferred low-latency oracle solution because they supply premium high-frequency market data using proven Chainlink infrastructure. Not only does Data Streams deliver unmatched functionality—with advanced features such as liquidity-weighted bid-ask spreads and sub-second execution speed—but it does so without compromising on transparency and decentralization.

Chainlink Data Streams support a multitude of critical features such as:

• Sub-second price latency: Chainlink Data Streams provide sub-second data delivery using battle-tested oracle infrastructure, enabling a highly performant user experience without compromising on Web3 values such as decentralization and transparency.
• High data accuracy: Data Streams provides reliable low-latency pricing data with high accuracy to benchmark exchanges, bolstering user confidence and protocol performance.
• Liquidity-weighted bid-ask spreads: With Data Streams, protocols receive access to a growing array of data beyond a single data point. Data Streams provide users with liquidity-weighted bid-ask spreads that enable protocols to update their risk management parameters, resulting in a more accurate reflection of market liquidity.
• Time-tested infrastructure and high uptime: Built on the Chainlink platform with proven security, hyper-reliability, and high-quality data that’s been operating in production for years, helping to enable $19+ trillion dollars in onchain transaction volume for leading DeFi applications, Data Streams can deliver strong availability and uptime guarantees.

In addition to Data Streams, we’re also leveraging Data Feeds to access fresh asset prices that are supplied directly onchain in a highly reliable manner.

Reliable Rebalancing With Automation

Chainlink Automation delivers the strongest security guarantees in the smart contract economy, with verifiable compute provided via Chainlink's OCR 3.0 consensus mechanism. With Automation’s high reliability and performance, transactions are assured to be identified and confirmed quickly. Truflation is leveraging Chainlink Automation to reliably trigger the rebalancing of indexes on Index.fun. 

Some of the notable features of Chainlink Automation include: 

• Highly reliable, performant, and decentralized automation — Chainlink Automation ensures transactions are identified and confirmed quickly even during periods of heavy network congestion by leveraging Chainlink’s battle-tested transaction manager.
• Time-tested and cost-effective infrastructure — Chainlink Automation enables projects to eliminate in-house automation infrastructure costs, reduce resources spent on DevOps, and increase speed and efficiency. Users can offload their expensive onchain computation offchain to Chainlink Automation’s decentralized oracle network, with a significant reduction in gas costs, while maintaining the same strong cryptographic guarantees. 
• Built to enable faster scaling — Chainlink Automation enables us to scale faster and avoid the challenges that come with building and maintaining the infrastructure needed to reliably automate across multiple chains.
• Unlocks new use cases — With smart contract automation, verifiable compute, and a broad set of triggers, we’re able to explore new use cases and unlock capabilities that would otherwise not have been possible.

“We’re excited to integrate several Chainlink services to power Index.fun—Truflation’s new platform that enables users to create and trade real-world indexes onchain. By leveraging the Chainlink standard for secure data, reliable automation, and seamless cross-chain interoperability, we can innovate the future of markets onchain.”—Stefan Rust, CEO, Truflation

About Chainlink

Chainlink is the standard for on-chain finance, verifiable data, and cross-chain interoperability. Chainlink is unifying liquidity across global markets and has enabled over $19 trillion in transaction value across the blockchain economy. Major financial market infrastructures and institutions, such as Swift, Fidelity International, and ANZ Bank, as well as top DeFi protocols including Aave, GMX, and Lido, use Chainlink to power next-generation applications for banking, asset management, and other major sectors. Learn more by visiting chain.link.

About Truflation

Truflation is at the forefront of the data revolution, offering real-time, decentralized financial data across multiple sectors. With a commitment to transparency and accuracy, Truflation's platform tracks over 30 million items with more than 80+ data providers. By bringing data on-chain, Truflation is democratizing access to critical financial information, empowering users to make better, more informed decisions in real-time.

Truflation | TRUF.Network | X | Linkedin | Telegram | Github| YouTube