Chainlink is the largest provider of decentralized oracles in the crypto industry. The technology is particularly in demand in the field of decentralized finance. Oracles are also used by large companies that are not related to the blockchain. LINK is a native Chainlink token. It is used mainly to pay for the work of node operators, on the basis of which oracles work.

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. @BackedFi has integrated #Chainlink Proof of Reserve (PoR) on @0xPolygon .

Backed uses PoR to help increase collateral transparency for its tokenized real-world assets (RWAs), including bIB01, bIBTA, and bCSPX.