JOJO Exchange, a decentralized exchange (DEX) specializing in perpetual futures, has integrated Chainlink Data Streams as its oracle solution on the Base mainnet. The move, announced in a press release Thursday, aims to enhance the platform’s data accuracy and transaction speed.
JOJO Exchange selected Chainlink for its sub-second price latency, high data accuracy, and liquidity-weighted bid-ask spreads, which align with the exchange’s commitment to transparency and decentralization. “Chainlink Data Streams delivers ultra low-latency bid and ask data to power the JOJO protocol, allowing us to provide an advanced user experience while ensuring a robust risk framework that ultimately helps safeguard the protocol,” said JOJO founder Jotaro.
William Reilly, Global Head of Strategic Partners at Chainlink Labs, emphasized the integration’s importance for security and efficiency. “By leveraging industry-standard Chainlink data, JOJO can help ensure unparalleled security for liquidations on its platform and support a seamless and ultra-fast DeFi user experience,” Reilly stated.
JOJO’s implementation of smart contract orders, combined with Chainlink’s data streams, enables automated trading, allowing users to enter positions at pre-determined prices. The exchange, which offers up to 1,000x leverage, matches orders off-chain and settles them on-chain to improve efficiency. Additionally, JOJO Exchange supports using liquid staking tokens (LST) and liquid restaking tokens (LRT) as collateral, further expanding its DeFi capabilities.
