JOJO Exchange integrates Chainlink Data Streams on Base mainnet

JOJO Exchange, a decentralized exchange (DEX) for perpetual futures operating on the Base network, implemented Chainlink Data Streams as its oracle solution, according to a press release issued Thursday.

The exchange cited Chainlink ’s infrastructure, sub-second price latency, and high data accuracy as key reasons for the integration. The use of liquidity-weighted bid-ask spreads and the protocol’s emphasis on transparency and decentralization were also cited as factors in the decision.

"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,” said JOJO founder Jotaro.

“By leveraging industry-standard Chainlink data, JOJO can help ensure unparalleled security for liquidations on its platform,” said William Reilly, Global Head of Strategic Partners at Chainlink Labs, adding that the integration would “support a seamless and ultra-fast DeFi user experience.”

JOJO’s use of smart contract orders, combined with data from Chainlink Data Streams, enables programmable and automated trading, allowing users to automatically enter positions at pre-determined prices.

JOJO Exchange offers up to 1,000 times leverage and matches smart contract orders off-chain, settling them on-chain for greater efficiency. The platform also supports using liquid staking tokens (LST) and liquid restaking tokens (LRT) as collateral.