Hack.bg Receives Grant for Native Integration of Chainlink on Terra

Hack.bg Receives Grant for Native Integration of Chainlink on Terra

The Chainlink Community Grant Program provides financial resources to the many development teams and researchers building a more functional and accessible Chainlink Network. We encourage talented individual developers and development teams to apply to the grant program here, or if you are a researcher and want to collaborate, contact us.

We’re excited to announce that Hack.bg, a distributed ledger technology (DLT) development and consulting company, has been selected as a recipient of a blockchain integration grant for the native integration of Chainlink into the Terra Protocol. The grant will support smart contract developers building decentralized applications within the Terra ecosystem by providing a secure source of external connectivity to power a wide array of use cases including DeFi, tokenized assets, gaming, IoT, and more. In particular, the launch of Chainlink Price Feeds on Terra will provide leading DeFi protocols like Mirror with the ability to tap into high-quality financial market data on various cryptocurrencies, equities, commodities, and more.

Hack.bg is a blockchain development and consulting firm that provides a wide offering of services that range from the development of blockchains and smart contracts to in-depth testing and on-going technical support. Backed by a team of industry experts, Hack.bg has extensive experience building on various blockchain networks such as Ethereum, Aeternity, Bitcoin, Hyperledger Sawtooth, Polkadot, Secret Network, and more, showcasing their extensive technical expertise across a number of different on-chain environments. Through this acquired knowledge and proven track-record, Hack.bg makes for an ideal recipient of a blockchain integration grant to bring native support for Chainlink oracles into the Terra Protocol ecosystem.

Terra Protocol is a high-throughput blockchain network built upon the Cosmos SDK that aims to facilitate the mass adoption of cryptocurrency by enabling the creation of programmable stablecoins pegged to various fiat currencies. Founded by Terraform Labs, the network is supported by the Terra Alliance, a collection of 15 leading e-commerce companies in Asia, bootstrapping a broad ecosystem of e-commerce use cases. Purpose-built for the creation of scalable and low-cost smart contracts, the Terra Protocol ecosystem features numerous leading DeFi applications including Mirror Protocol, which allows users to mint synthetic assets that track real-world assets such as US equities. With native support for Chainlink oracles, Terra’s ecosystem of DeFi applications such as Mirror will gain access to the most secure and reliable source of external data.

As part of the grant, Hack.bg will provide several key components to the integration, including:

  • Connect Chainlink nodes to the Terra Protocol through the creation of a custom external initiator to read data from the chain and a custom external adapter to write oracle responses back on-chain.
  • Validate and adapt Chainlink smart contracts to ensure native compatibility with the Terra Protocol and enable the creation of decentralized data feeds.
  • Test and deploy all Chainlink components to Terra mainnet, with continual maintenance and upgrades.
  • Create documentation detailing how Terra-based smart contracts can connect to Chainlink oracles and fetch off-chain data.

"We’re thrilled to be awarded a Chainlink blockchain integration grant to further expand the Chainlink ecosystem through the integration of its oracle technology stack into the Terra Protocol smart contract platform,” stated CEO of hack, Milen Radkov. “As a highly experienced blockchain development company, we look forward to adapting Chainlink’s oracle infrastructure into the Terra Protocol, enabling developers to construct a wide range of advanced dApps that leverage a highly secure and reliable source of external data."

Through the Chainlink Community Grants program, we look forward to continuing to empower more and more Chainlink ecosystem teams and researchers who are both researching and building key tools and infrastructure that accelerate the development of universally connected smart contracts and secure oracle networks. We will continue supporting the community as a key driver of Chainlink’s rapid growth, because only together can we make universally connected smart contracts into the dominant form of digital agreement.

If you want to learn more about the Grant Program, check out our recent blog post that further expands upon its goals and the criteria for submission. If you would like to participate in the Chainlink Grant Program, please apply here. Chainlink Community Grants are provided in cash and/or LINK.

Apply for a Chainlink Grant
Publication date: 
03/26/2021 - 13:00
Author: 
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