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October 3, 2022
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Polkadot (DOT) has partnered with Chainlink (LINK) in the DeFi Alliance project

Chainlink joins Polkadot to further boost the DeFi market

Polkadot (DOT) recently launched a DeFi alliance with another cryptocurrency project – Chainlink (LINK). The alliance was released yesterday, December 3, and aims to create a new platform for the community, which would use the Polkadot Network and its ‘Substrate’ technology.

The purpose of the alliance

Although Chainlink is the alliance’s biggest partner, it is not the only one in the project that joined Polkadot. There are three other founding members, including Tidal Finance, a decentralized insurance market, Polkaswap, a non-custodial AMM, and Plasm Network, which is a tier 2 technology provider.

As for Chainlink, its head of business development, Dan Kochis, commented on the change saying that Chainlink is very excited to help Polkadot’s growing ecosystem choose a new direction. He believes the change will make Polkadot’s ecosystem stronger than ever.

The alliance has already started to accept applications based on the Polkadot Network and on developer substrates.

Polkadot to launch a thousand validator program

In addition to the birth of the alliance, Polkadot also published another announcement, noting that it plans to launch a new program, called ‘thousand validators’.

The program will provide encouragement and support for those who wish to join Polkadot and manage us. The project aims to dramatically increase the number of validators by at least 1,000.

“⚡️ @ Polkadot starts the Polkadot Thousand Validators program in December 2020!”

The program is essentially the same as the launched by Kusama – Polkadot’s sister chain – in February this year. Before launching the program, Kusama had only 180 knots. Currently, however, it has about 700 active validators, and another 393 are also waiting to join.

As for Polkadot itself, it currently has only 249 validators, so it’s not surprising that you want to increase the knot count.

Source: Invezz

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