We’re excited to announce that NEX is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate ecosystem growth and long-term adoption of index products by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.

We’re confident that through enhanced support, secure offchain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of NEX and realize the adoption of centralized and decentralized index products.

NEX: Unlocking DeFi With Index Products

NEX provides indices for various sectors. NEX’s products include a Crypto 5 Index, an Anti-Inflation Index, and upcoming indices for AI and Arbitrum. The platform, which is also an infrastructure provider, was built to both meet the needs of DeFi and TradFi.

The team has onboarded the director of a major Italian bank, who will be leveraging his network of TradFi institutions and clients to help grow the adoption of the protocol and facilitate partnerships with other banks and asset managers.

Why We Joined Chainlink BUILD

NEX joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, NEX will receive key benefits, including access to and integration of Chainlink Data Feeds for high-quality price data, Chainlink CCIP to support communication between vaults across different blockchains, Functions to securely request and use offchain data, Automation to support perpetuals products, Proof of Reserve to help verify reserves data, along with access to new Chainlink product alpha and beta releases, among other benefits.

In exchange for these services, NEX will make 3.5% of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.

“We’re thrilled to join Chainlink BUILD to gain enhanced access to Chainlink’s industry-leading platform and accelerate the adoption of NEX’s products. By building cutting-edge, secure onchain index products and bringing our dynamic communities together, we’re set to support the mass adoption of DeFi.” – NEX Team

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $10 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 NEX

NEX provides indices for investors looking to rotate from one sector to another, such as cloud computing, memecoins, and L2s, and easily de-risk their portfolio into RWAs and hybrid indices. From indices gathering the top 5 cryptocurrencies by market cap to RWAs-based ones, NEX is the perfect solution for amateur and experienced investors seeking exposure to crypto and non-crypto assets on-chain.