We’re excited to announce that Dexponent is officially joining the Chainlink BUILD program. As a part of BUILD, we aim to accelerate the long-term institutional adoption of blockchain technology and digital assets through our compliant liquid staking platform and by leveraging 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.
Our strategic participation in BUILD provides the benefits of priority support from the Chainlink ecosystem, increased access to dApps, institutions (Banks, Fintechs, Hedge Funds, Venture Capitalists, Traditional Banks, Family Offices etc.) and digital asset service providers (exchanges, prime brokers, custodians etc.) needing Dexponent, and stronger incentive alignment between the Chainlink and Dexponent communities.
We’re confident that through our enhanced collaboration, secure off chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Dexponent and finally realize institutional adoption in Web3.
Dexponent is an institutional liquid staking platform that helps institutions earn yields by securing decentralized infrastructure through staking in high adoption networks such as Ethereum (upto 4.1% APY) and upcoming AI(Bittensor) and ZK Compute Networks.. Specifically, Dexponent aims to mitigate the compliance risk inherent in other liquid staking platforms while still providing cutting edge, non-custodial and decentralized infrastructure. Their compliant clETH liquid staking token for the Ethereum network is getting widespread adoption across institutions in Asia, MENA and Europe
Ultimately, Dexponent’s mission is to become a global stack for compliant DeFi to build safe and trusted consumer finance applications, as well as a platform for institutions and their customers to use safe defi products at scale.
Dexponent joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, Dexponent will receive key benefits, including access to and integration of Chainlink Data Feeds and Proof of Reserves as critical elements for building an institutional liquid staking platform, Chainlink Functions to help dynamically price trades and lending rates, and access to new Chainlink product alpha and beta releases, among other benefits. Chainlink’s institutions will also be able to seamlessly integrate into Dexponent and get on chain risk free yields from networks such as Ethereum and upcoming high value chains focused on AI computations and Zero Knowledge Proofs.
In exchange for these services, Dexponent will make a percentage 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 be joining Chainlink BUILD. Chainlink services are not only mission-critical for building Dexponent’s institutional platform, but Chainlink is the industry-standard gateway for institutions to onboard onto Web3. For a platform like Dexponent, aligning ourselves with the Chainlink ecosystem through the BUILD program was a no-brainer because what Dexponent aims to accomplish inherently requires Chainlink” — Sid Pillai, Co-Founder at Dexponent.
Dexponent is an institutional liquid staking and trading platform that provides compliant access to DeFi products and bespoke institutional products.
Founders are serial entrepreneurs (last exit to Klarna) who have been building in both Web3 and Traditional Finance, and have worked with institutions across Japan, Europe, MENA and SEA for the last several years. In the last few months, the team has secured key go to market partnerships in these regions with custodians, exchanges and market makers. Due to their unique experience in both Web3 and traditional finance, & strong presence across Asia, they have a strong execution capability in this region and are using that as a MOAT to capture markets and liquidity globally.
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 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.