Zeus Finance is a decentralized financial suite whose primary focus is to provide passive income generated through revenue sharing and efficiently aggregating revenue from protocol-owned liquidity. The firm recently announced its integration with Chainlink Keepers, Price Feeds and VRF on the Avalanche network to strengthen its native token ZEUS.
A Robust Support For ZEUS Token
Zeus Finance is continuously making efforts to strengthen and support its native token ZEUS amid crypto winter as the firm has previously partnered with Pangolin to improve the reward system. This integration with Chainlink solutions will further expand the accessibility of ZEUS tokens.
According to Zeus Finance, the firm will now gain access to a highly secure and reliable smart contract automation service to help automate rewards distribution system within the staking module. Chainlink price feeds will help Zeus Finance to produce high-quality data feeds needed to help convert prices for accurate fee estimations. The VRF will be used as a tamper-proof and auditable source of randomness, that is needed to support randomized airdrops of the ZEUS token. As a result, Chainlink solutions will enhance the reliability, transparency, and fairness of ZEUS protocol.
Zeus Finance CEO, Frank, stated, “Our main focus is on providing a DeFi-as-a-Service (DaaS) protocol to our community and then expanding into a platform that provides users with a safe place to store their capital while earning interest.”
Why Is Zeus Finance Different?
Zeus Finance aims to build a decentralized financial community on the Avalanche Network. The firm also allows its users to launch a personalized blockchain node with an easy-to-use interface. Users can generate the native token ZEUS by running a node on the network. This token can further be used for various purposes within the Zeus protocol.
Key Benefits Of Chainlink Keepers
By using smart contracts, Zeus distributes staking rewards at regular intervals, where xZEUS is a staking option that offers users with yield in the form of a stablecoin ZEUS. The process is executed by smart contracts manually as they can’t trigger themselves. Thus, the procedure is difficult and time consuming. To solve this problem, Chainlink Keepers run smart contracts in response to external conditions in a secure and reliable way, and it minimizes the passage of time by executing complex calculations quickly. Let’s take a look at some of its notable features.
- Increased Uptime — Chainlink Keepers are regulated by the same professional developing teams that have successfully established an on-chain performance history of providing high reliability to Chainlink Price Feeds during extreme network congestion and high market volatility.
- Low Transaction Cost — Another notable feature of Chainlink Keepers is that it has several gas-optimizing features that significantly lower the costs of automating maintenance tasks.
- Decentralized Nature — Chainlink facilitates a decentralized nature and transparent pool of Keepers to provide a strong guarantee around secure contract automation. It mitigates the risks of manual interventions or centralized servers.
The CEO of Zeus Finance, Frank, said, “Our purpose is to provide real passive income through profit sharing. As a decentralized financial suite, we are developing an array of revenue producing products that ensure that our future is bright so that our investors see the profit that they deserve. Chainlink will be the oracle for our treasury of assets, in real-time, transparently displaying our holdings. Chainlink will also serve as the automated mechanism for distributing our profits back to our investors through our Stability Fund. Chainlink helps give our profit back to the people. The more profit we see, the more our investors see.”
Role Of Chainlink Price Feeds And VRF
Users on the protocol can utilize AVAX to purchase and stake ZEUS tokens and earn yield in USD. To establish an accurate conversion between these tokens, an up-to-date price data is important. Chainlink Price Feeds provide the solution with its highly accurate, reliable, and robust market data to help users calculate staking rewards and fees easily.
Meanwhile, Chainlink VRF will support randomized rewards. Chainlink VRF will help randomly selected recipients for airdrops and lottery prizes in a tamper-proof and transparent manner. This addition will ensure that all users get an equal chance of receiving these randomly distributed rewards.
The CEO of Zeus Finance, Frank, said, “Chainlink was the obvious choice for us. Chainlink trust-minimized services are the industry standard for DeFi and they help to make our platform as robust as possible.”
Zeus Finance X Chainlink- A Leading DaaS Protocol
Chainlink’s integration to Zeus Finance protocol will have a great impact on the ZEUS token. Zeus’s roadmap evolves and it plans to introduce bonding-to-reward where users will lockup their tokens for fixed periods of time. Chainlink VRF will be implemented to full extent as the firm plans to launch Tradable NFT collections centered on Greek Mythology that provide utility to the ZEUS protocol. These NFTs will be airdropped using VRF technology. Through this integration with Chainlink, it is expected that ZEUS price will see a hike soon as the community and investors find it optimistic.
