Origin Protocol Loses $7M in Latest DeFi Attack
Stablecoin project Origin Dollar (OUSD) sustained a re-entrancy attack at 00:47 UTC Tuesday resulting in a loss of funds worth $7 million.
Chainlink 2.0 will create a second layer network that will allow oracles to take the bulk of their work off-chain.
Chainlink Labs developed the new network over the past year.
The partnership could bring fintech and banking customers into DeFi, says Open Bank Project founder Simon Redfern.
Kraken's connection to the Chainlink network allows the exchange to broadcast its price data for use in blockchain-based apps.
An oracle sends data from the outside world to a blockchain so specific data, like temperature, can execute the disbursement of money.