💡Upgrades to Chainlink Data Streams

We’re excited to announce that JOJO Exchange—a leading perpetuals DEX on Base—has upgraded to Chainlink Data Streams on Base mainnet.

We chose Chainlink Data Streams as our preferred low-latency oracle solution because they supply premium market data using proven Chainlink infrastructure. Not only does Data Streams deliver unmatched functionality, with advanced features such as liquidity-weighted bid-ask spreads and ultra-fast execution speed, but it does so without compromising on transparency and decentralization.

JOJO Exchange introduces innovative smart contract orders that allow users to embed a smart contract into their transactions. These orders are matched offchain and settled onchain, enhancing capital efficiency and trading flexibility. This method enables swift trade execution while ensuring programmability, transparency, and security without the risk of centralized data manipulation. Consequently, JOJO has become a leading perpetuals DEX on Base.

"Chainlink Data Streams delivers ultra low-latency bid and ask data to power the JOJO protocol, allowing us to provide an advanced UX while ensuring a robust risk framework that ultimately helps safeguard the protocol.”–Jotaro, Founder, JoJo Exchange

After reviewing various solutions, we integrated Chainlink Data Streams because they support a multitude of critical features such as:

• Sub-second price latency: Chainlink Data Streams provide sub-second data delivery using battle-tested oracle infrastructure, enabling a highly performant user experience without compromising on Web3 values such as decentralization and transparency.

• High data accuracy: Data Streams provides pricing data with high accuracy to benchmark exchanges, bolstering user confidence and protocol performance.

• Liquidity-weighted bid/ask spreads: With Data Streams, protocols receive access to a growing array of data beyond a single data point. Data Streams provide users with liquidity-weighted bid/ask spreads that enable protocols to update their risk management parameters, resulting in a more accurate reflection of market liquidity.

• Time-tested infrastructure and high uptime: Built on the Chainlink platform with proven security, hyper-reliability, and high-quality data that’s been operating in production for years, helping to enable $14+ trillion dollars in onchain transaction volume for leading DeFi applications, Data Streams delivers a strong track record of availability and uptime.

JOJO leverages smart contract orders combined with Chainlink Data Streams to enable truly programmable trading. This allows users to trade in a highly customizable and automated manner. For example, users can set up smart contract orders to automatically enter positions at preset price points. Additionally, users can dynamically place orders based on Data Streams’ high-quality market data, allowing for more precise and automated trading strategies.

“We’re pleased that JOJO Exchange has upgraded to Chainlink Data Streams to support a seamless and ultra-fast DeFi user experience,” stated William Reilly, Global Head of Strategic Partners at Chainlink Labs. “By leveraging industry-standard Chainlink data, JOJO can help ensure unparalleled reliability and security for liquidations on its platform.”

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $14 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

About JOJO Exchange

JOJO is the leading decentralized perpetual exchange on Base, providing unmatched trading efficiency and flexibility through innovative smart contract orders. As the largest perpetual DEX on Base by trading volume, JOJO offers traders up to 1000x leverage for high-return strategies aimed at substantial profits. Additionally, JOJO facilitates funding rate arbitrage opportunities that allow users to exploit market inefficiencies for consistent gains with just one click. With low fees, support for LST/LRT as collateral, and a comprehensive set of advanced trading tools, JOJO is dedicated to maximizing user profits and advancing DeFi innovation.