#Diving into Chainlink Integration on GMX Community

It is reported that according to the official Twitter of Chainlink, the GMX community of the Arbitrum Ecological Centralization Derivative Agreement formally approved a proposal with 96.28% approval rate to integrate Chainlink’s low delay pricing oracle machine into the launch partner of voting on the chain. This integration will enhance the security and user experience of GMX derived protocols.

GMX will integrate with Chainlink’s low latency pricing oracle machine

##Outline
1. Introduction
– Explanation of the purpose of the article
2. What is Chainlink and GMX?
– Brief overview of both blockchain companies
3. Low-delay Pricing Oracle Machine
– Explanation of what a low-delay pricing oracle machine is and how it works
4. Integration of Chainlink and GMX Community
– Details on how the GMX community approved the proposal to integrate Chainlink’s machine
5. Benefits of Integration
– Discussion on how the integration will enhance the security and user experience of GMX derived protocols
6. Conclusion
– Recap of the significance of Chainlink’s integration into GMX community
7. Unique FAQs
##The Article
Chainlink, the decentralized oracle network, has made waves in the decentralized finance industry for providing secure and reliable price feeds for smart contracts. On the other hand, GMX, the Arbitrum Ecological Centralization Derivative Agreement, has grown in popularity due to its ability to provide users with derivatives trading for a more personalized investment. Recently, GMX community approved a proposal to integrate Chainlink’s low delay pricing oracle machine into the launch partner of voting on the chain.
###What is Chainlink and GMX?
Before diving into details about Chainlink’s integration with GMX, let’s briefly define both companies. Chainlink is a decentralized oracle network that powers smart contracts for real-world use cases. It provides secure and reliable price feeds, which are crucial in ensuring the accuracy of the data on the blockchain. On the other hand, GMX is an ecosystem built on a high-speed, low-cost layer2 network. It is designed to allow investors to trade derivatives that mirror assets’ value, providing them with a more personalized investment.
###Low-delay Pricing Oracle Machine
Chainlink’s low-delay pricing oracle machine is used to update the price feeds for smart contracts in real-time. This machine can provide reliable and secure pricing data. The low-delay aspect of this machine is essential because it enables smart contracts to operate at fast speeds without compromising security. By incorporating this machine, GMX can operate with more speed and efficiency, ensuring a better user experience.
###Integration of Chainlink and GMX Community
The GMX community approved the proposal to integrate Chainlink’s low delay pricing oracle machine with an overwhelming 96.28% approval rate. This integration will provide the GMX community with a secure and reliable pricing mechanism that will make derivative trading more efficient, reliable, and profitable. The integration will extend the functionality of the GMX ecosystem while providing more outstanding incentives to participants in the network.
###Benefits of Integration
The integration of Chainlink’s low delay pricing oracle machine will bring significant benefits to GMX, such as enhancing the security and user experience of GMX derived protocols. Additionally, integrating Chainlink will significantly reduce the risk of price manipulation, which will, in turn, increase the adoption of GMX’s derivatives trading. This integration will also provide GMX users with the opportunity to access reliable and secure external data sources, giving the ecosystem an edge in the DeFi industry.
###Conclusion
In conclusion, the integration of Chainlink’s low delay pricing oracle machine into the GMX ecosystem will provide users with a more secure and efficient ecosystem for derivatives trading. The integration of Chainlink with GMX is a significant milestone in the DeFi industry, as it demonstrates the growing recognition of the vital role oracle networks play in providing secure and reliable data to blockchain networks.
###Unique FAQs
1. What is an oracle network?
– An oracle network is a decentralized mechanism that secures the delivery of data to smart contracts in a blockchain.
2. What is derivative trading?
– Derivative trading involves trading financial instruments whose value is derived from other assets such as commodities, currencies, or stocks.
3. How does the Chainlink integration affect GMX users?
– The Chainlink integration will enhance security, reduce the risk of price manipulation, and provide GMX users with external data sources. This will improve the user experience for those trading derivatives on the platform.