Together with Synthetix, Chainlink has developed a new pricing mechanism to create a synthetic derivatives product that enables on-chain exposure to oil, illustrating how decentralized finance (DeFi) is expanding to include traditional assets. This innovation employs a novel approach to mitigate volatility in futures contracts by dynamically weighting the nearest two futures contracts, minimizing the impact of price anomalies. This development represents a broader trend of DeFi moving beyond cryptocurrency price feeds to encompass a wide array of real-world assets, including commodities and equities. By providing a decentralized and permissionless financial framework, Chainlink facilitates the creation of customized financial products, enabling global access to diverse markets without reliance on traditional financial institutions. This opens up a wide range of possibilities for individuals worldwide, from hedging commodity prices to gaining exposure to precious metals, without the need for government or bank intervention. The potential for creating new financial products is vast, promising to significantly enhance on-chain accessibility to traditional financial markets.