{"id":28626,"date":"2024-09-06T23:45:32","date_gmt":"2024-09-06T20:45:32","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28626"},"modified":"2024-09-06T20:17:07","modified_gmt":"2024-09-06T17:17:07","slug":"jojo-exchange-leverages-chainlink-for-fast-liquidations","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/jojo-exchange-leverages-chainlink-for-fast-liquidations\/","title":{"rendered":"JOJO Exchange Leverages Chainlink for Fast Liquidations"},"content":{"rendered":"<p>Operating on the Base network, <strong>JOJO Exchange<\/strong> is a distributed exchange (DEX) using Chainlink Data Streams as its Oracle solution, according to a Thursday press release.<\/p>\n<p>Key factors for the integration listed by the mentioned Chainlink infrastructure are sub-second price latency and great data accuracy. Two other highlighted elements in the choice were the emphasis of the protocol on transparency and decentralization and the usage of liquidity-weighted bid-ask spreads.<\/p>\n<p><strong>JOJO<\/strong> founder Jotaro remarked, <em>&#8220;Chainlink Data Streams delivers ultra-low-latency bid and ask data to power the <strong>JOJO<\/strong> protocol, allowing us to provide an advanced UX while ensuring a robust risk framework that ultimately helps safeguard the protocol.&#8221;<\/em><\/p>\n<p>William Reilly, Global Head of Strategic Partners at Chainlink Labs, said, &#8220;<em>By leveraging industry-standard Chainlink data, <strong>JOJO<\/strong> can help ensure unparalleled security for liquidations on its platform,&#8221;<\/em> adding that the integration would <em>&#8220;support a seamless and ultra-fast DeFi user experience.&#8221;<\/em><\/p>\n<p>Combining smart contract orders with Chainlink Data Streams allows <strong>JOJO<\/strong> to automatically enter positions at pre-defined prices, therefore enabling programmed and automated trading.<\/p>\n<p>With up to 1,000 times leverage and matching smart contract orders off-chain to settle them on-chain for maximum efficiency, <strong>JOJO<\/strong> Exchange provides Additionally supported on the platform are liquid restaking tokens (LRT) and liquid staking tokens (LST) as collateral.<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Operating on the Base network, JOJO Exchange is a distributed exchange (DEX) using Chainlink Data Streams as its Oracle solution, according to a Thursday press release. Key factors for the integration listed by the mentioned Chainlink infrastructure are sub-second price latency and great data accuracy. Two other highlighted elements in the choice were the emphasis<\/p>\n","protected":false},"author":6,"featured_media":28630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[724,8474,8475],"class_list":["post-28626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chainlink","tag-jojo","tag-jojo-exchange"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JOJO Exchange Leverages Chainlink for Fast Liquidations - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/jojo-exchange-leverages-chainlink-for-fast-liquidations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JOJO Exchange Leverages Chainlink for Fast Liquidations - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Operating on the Base network, JOJO Exchange is a distributed exchange (DEX) using Chainlink Data Streams as its Oracle solution, according to a Thursday press release. 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