Deniz 
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 of the protocol on transparency and decentralization and the usage of liquidity-weighted bid-ask spreads.
JOJO founder Jotaro remarked, “Chainlink Data Streams delivers ultra-low-latency bid and ask data to power the JOJO protocol, allowing us to provide an advanced UX while ensuring a robust risk framework that ultimately helps safeguard the protocol.”
William Reilly, Global Head of Strategic Partners at Chainlink Labs, said, “By leveraging industry-standard Chainlink data, JOJO can help ensure unparalleled security for liquidations on its platform,” adding that the integration would “support a seamless and ultra-fast DeFi user experience.”
Combining smart contract orders with Chainlink Data Streams allows JOJO to automatically enter positions at pre-defined prices, therefore enabling programmed and automated trading.
With up to 1,000 times leverage and matching smart contract orders off-chain to settle them on-chain for maximum efficiency, JOJO Exchange provides Additionally supported on the platform are liquid restaking tokens (LRT) and liquid staking tokens (LST) as collateral.
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