Flux Protocol Integrates with Data Assets Data Provider Kaiko
Flux Protocol is excited to announce it has partnered with Kaiko, a leading digital assets market data provider whose data feeds power major international financial institutions and enterprises, including Bloomberg, Ledger and Bank of Canada.
The Flux team has brought on Kaiko the oracle as a data provider, meaning Kaiko will now provide crypto data and access to endpoints to NEAR, Aurora, and other chains.
Kaiko aims to provide institutional investors and enterprises in the crypto industry with accurate, transparent and actionable financial data that can be used for different market activities. For each of its clients, Kaiko builds custom data plans designed for a variety of use cases.
For the Flux oracle specifically, Kaiko now has a Flux designated node which is querying its API, automatically receiving the data and publishing it on-chain. The node currently supports ten price pairs with plans to add more soon.
How exactly does Kaiko provide data in a verified, trustless way?
Kaiko gets its data from many different sources. For price data specifically, the data provider retrieves data from over 100 centralized exchanges and from blockchains when it comes to decentralized exchanges. Kaiko provides high-quality, compliant market data covering 10+ years of historical data and 55+ Billion tick-level data points.
What does this integration mean for Flux community members and developers using the Flux oracle?
Flux continues to provide access to some of the highest quality price data available today, which means any projects integrating with the Flux Protocol now have access to tailored data for their use-cases.
“We are excited to welcome Kaiko to Flux Protocol as an official data provider and validator. Kaiko joining the network further solidifies access to secure, high-quality data with Flux currently securing over $1 billion in total value,” said Peter Mitchell, CEO of Flux. “Integrations with Flux Protocol can now aggregate price-feeds from a diversified selection of data providers.”
Kaiko has a 99.5% collection uptime and its database carries over ten years of historical data. There are over 24 different data products available over six delivery mechanisms. Kaiko provides over 150,000 spot, futures and options, and powers over 70 regulated products.
“Kaiko is thrilled to be supporting Flux and its community with high quality data, directly available on-chain,” said Ambre Soubiran, CEO of Kaiko. “This collaboration will allow innovative DeFi projects to get industrial grade data to power their applications.”
Flux allows any smart contract to connect with crowdsourced, API-based, and price-feed data. Flux brings this data on-chain using a sophisticated validation and dispute mechanism that relies on economics principles to keep validators honest.
Flux is backed by world-class investors such as Distributed Global, Coinbase Ventures, Reciprocal Ventures, Coinfund, Maven 11, Flow Ventures, among others.
Join Flux’s community:
Kaiko is the reference market data provider for digital assets, providing institutional investors and market participants with high quality, compliant market data. We enable seamless connectivity to historical and live data feeds across 100+ spot and derivatives exchanges. We have empowered data-driven decisions since 2014. We offer tick-level trades and aggregated data from the world’s leading cryptocurrency exchanges (CEX & DEX), order book data, derivatives analytics, pricing data, and DeFi data. Our data covers 10+ years of historical data, 55+ Billion tick-level data points, and can be used for financial activities such as strategy backtesting, research and analysis, asset management and indices. Contact us to get started today.