Akron Finance Joins Chainlink BUILD Program to Accelerate Adoption of Akron Crossing Network

Akron Finance
3 min readApr 19, 2023

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

Akron Finance has long been an active participant and believer in Chainlink. Our participation in BUILD provides priority support from the Chainlink ecosystem and stronger incentive alignment between the Chainlink and Akron Finance communities.

We’re confident that through enhanced support, secure off-chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Akron Finance and realize the adoption of a crossing network for large orders in DeFi.

Akron Crossing Network: A DEX for Large Order Execution

Akron Crossing Network is a decentralized exchange that facilitates near-zero price impact matching or crossing of large orders against other large orders or small atomic swap orders at a spot price sourced from a reliable decentralized exchange such as Uniswap.

The current median trade size on decentralized exchanges (DEXs) is relatively small — most large orders execute on centralized exchanges. In traditional markets, crossing networks, a type of alternative trading system (ATS), make up a notable portion of market share by trading volume. Akron Finance is aiming to bring the concept of crossing networks to the world of DeFi.

Some of the main benefits of Akron Crossing Network include:

  • Near-zero price impact for large orders and swaps
  • MEV protection achieved by economic disincentive
  • Earn fees on swaps, as a reward for executing large orders (Swap-to-Earn)

Akron is suitable for traders who would like to execute large orders and whose preference is to have better execution price over an immediate fill (ie. price over time). Notably, MEV attacks on Akron are economically unfeasible, even when there is a large amount in the order pool.

Why We Joined Chainlink BUILD

Akron Finance joined BUILD to maximize the benefits of security and reliability that Chainlink oracle infrastructure provides. As part of BUILD, Akron Finance will receive key benefits, including access to and integration of secure, high-quality market data through Chainlink Price Feeds, the ability to seamlessly automate a swap function through access to Chainlink Automation, and access to new Chainlink product alpha and beta releases, among other benefits.

In exchange for these services, Akron Finance will make 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 excited to be joining the Chainlink BUILD program to gain access to industry-standard oracle services and technical support. The BUILD program will help empower us to build a crossing network that can execute more large trading orders in DeFi. We look forward to continuing our collaboration together and we welcome the passionate Chainlink community into the Akron Finance ecosystem.” — Tony, co-founder of Akron Finance.

About Chainlink

Chainlink is the industry-standard Web3 services platform and has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About Akron Finance

Akron Finance aims to create a decentralized exchange that enables trading of large cryptocurrencies positions with lowest friction.

If you’re interested in learning more about Akron Finance or the product, you can visit www.akron.finance or https://akron-crossing-network.gitbook.io.

--

--