Chainlink has launched the Chainlink DeFi Yield Index (CDY Index), which aims to simplify the analysis of decentralized finance (DeFi) lending rates by aggregating data from various platforms. The CDY Index provides real-time information on the lending landscape and offers transparency to DeFi participants and traditional financial institutions looking to tap into blockchain-based opportunities. The index has been well received, with Chainlink's native token, LINK, experiencing a price surge following the announcement. The launch of the CDY Index demonstrates Chainlink's commitment to advancing DeFi and solidifies its position as a leader in decentralized oracles.



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