Zeta Markets has incorporated Chainlink Price Feeds on the Solana mainnet. The following Chainlink Price Feeds will be utilized during the initial phase of the integration: BTC/USD, ETH/USD, and SOL/USD. Zeta is able to enhance the functionality of its trading exchange and make it more resistant to disruptions by utilizing Chainlink’s price feeds, which are dependable, high-speed, and decentralized.
The addition of Chainlink as a reliable oracle provider will assist in ensuring that perpetuals and other types of contracts on Zeta are settled with an even higher degree of precision and dependability. Oracles built on blockchain technology are at the core of a number of different decentralized finance protocols. They make secure and trustworthy financial data available to applications like Zeta so that it may be utilized on-chain to facilitate the development of novel and open financial solutions.
Enhancing the Resilience and Security of the Zeta Platform
Chainlink is the industry-standard Web3 services platform, and it has enabled transaction volumes totaling trillions of dollars across a variety of important industries, including finance, insurance, gaming, non-fungible tokens, and others. Chainlink Price Feeds are an indispensable part of the trading infrastructure that must exist on Solana in order for DeFi to flourish here.
Solana is one of the most performant chains for institutional finance thanks to its combination of institutional-grade oracles, high-throughput base layer, and broad validator set. Chainlink has, fortunately, demonstrated that it can handle unforeseen circumstances. This is absolutely necessary for systems that deal with trade execution and risk management, in particular those that provide the additional guarantees that Web3 does.
Tristan Frizza, Founder of Zeta Markets, said: “We’re excited to integrate Chainlink Price Feeds on Solana to help increase the resiliency and security of our protocol. We take platform security very seriously, so it’s critical to us that we leverage Chainlink’s industry-leading oracle solution to help ensure our protocol is as robust as possible to adverse market events.”
Chainlink is the leading decentralized oracle network that allows Web3 developers to create feature-rich Web3 applications. This is offered along with streamlined access to real-world data and off-chain data processing across any blockchain in the world. Chainlink also provides global enterprises and projects with a widespread gateway to all blockchain networks.
A Decentralized and Capital-Efficient Exchange
Zeta Markets is an under-collateralized derivatives trading platform that features a completely on-chain risk engine as well as a Central Limit Order Book (CLOB). Solana is the only mature ecosystem that has the engineering freedom necessary to host such an application without sacrificing the decentralized nature of the network. Within Web3, Zeta serves as the universal access layer for all derivatives.
It has set itself the goal of being the industry leader in on-chain product distribution in the sector. The primary product that Zeta has to offer is a decentralized and capital-efficient exchange that provides dated futures, perpetual contracts, and European cash-settled options. It is the most configurable full-stack decentralized exchange in the world because the entire software, including its risk engine and order book, has been built on Solana.
Since January 2022, the Zeta DEX has been operational on Solana. It was initially funded by a group of investors that included Jump Crypto, Amber, Wintermute, Pattern Research, and Electric Capital. These investors are among the most seasoned professionals in the cryptocurrency trading and DeFi industries.
