Chainlink has launched a new product called the Chainlink DeFi Yield Index, which leverages the decentralized oracle network's standard to aggregate lending rates across the decentralized finance ecosystem. The index uses the blockchain indexer and database from zero-knowledge proof data platform Space and Time to bring real-time on-chain activity to the index. The index will initially be calculated for major decentralized finance assets, and Chainlink will serve as the index administrator while Space and Time will act as the calculation agent. This new product is aimed at benefiting capital markets institutions, decentralized finance protocols, and users by providing yield-earning opportunities, risk management, and efficient capital deployment.



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