Zebec Is Integrating Chainlink Price Feeds to Help Secure Automated Dollar-Cost Averaging
We’re excited to announce that Zebec — a continuous settlement protocol on Solana — is integrating Chainlink Price Feeds to provide high-quality price reference data to its Automated Dollar-Cost Averaging function. By integrating the industry-leading decentralized oracle network, Zebec will have access to tamper-proof, high-speed market data needed to extract the prices of crypto assets. Zebec’s Automated Dollar-Cost Averaging feature will help users securely invest their savings to purchase crypto assets.
We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
Zebec is enabling the composable transfer of value starting with Zebec Payroll. Our newest addition to the protocol is the Zebec Safe, a fully customizable multi-sig on Solana enabling secure treasury management. We’ll also be announcing the Automated Dollar-Cost Averaging feature soon. Zebec is more than money streaming — we’ve got automated DCAs, yield farming, and a zero-fee fiat on and off-ramp in the making.
In order to help secure our Automated Dollar-Cost Averaging feature, we need access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.
After reviewing various oracle solutions, we selected Chainlink Price Feeds because they provide a multitude of critical features such as:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
“We decided to integrate Chainlink Price Feeds because they offer superior reliability and data accuracy to other market data solutions. We look forward to our mainnet integration and will continue exploring how we can leverage Chainlink trust-minimized services in the future.” — Subash Gautam, Head of Growth of Zebec.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Zebec is a revolutionary DeFi technology that empowers real-time, frictionless, and continuous streams of payments. The automatic money streams made possible through Zebec allow businesses, employees, and consumers to completely reimagine how they are paid, how they invest, and how they buy products or services.