Zeus Finance Incorporates VRF & Chainlink Keepers
A decentralized finance package, Zeus Finance, has integrated Chainlink VRF, Chainlink Price Feeds, and Chainlink Keepers on the mainnet of Avalanche. With the respective integration, Zeus Finance will provide access to a considerably reliable as well as a secure facility for the automation of the smart contracts. This will assist automate the distribution of rewards in its staking package. Zeus Finance provided details about this partnership on its official web portal.
Zeus Finance Joins Chainlink to Embellish Its Decentralized Finance Package
There is a requirement for the data feeds of high quality to assist in transforming the prices to have precise fee anticipations. To support ZEUS token’s randomized airdrops, there is a requirement for an auditable and tamper-proof basis of randomness. Eventually, the trust-minimized facilities of Chainlink assist improve the fairness, transparency, as well as reliability of the protocol. Zeus Finance is establishing a community of decentralized finance on the platform of Avalanche Network.
Their chief attention will be directed toward the provision of a DeFi-as-a-Service (DaaS) protocol for the community as well as its expansion into a venue that offers a secure place to the customers to store the capital in their possession along with earning interest over it. The customers are also permitted by Zeus Finance to release a customized blockchain node displaying a comfortable interface.
Though operating a node, the local ZEUS token can be earned by the consumers. They can then utilize the respective token for diverse purposes within the financial package of the platform. Zeus Finance utilizes smart contracts for the calculation as well as the distribution of taking rewards at normal intervals. With Chainlink Keepers, the venue is permitted to operate smart contracts while responding to the outer circumstances (such as complex calculations and the occurrence of a specific event) securely and reliably.
Zeus Endeavors to Turn into a Top DeFi-as-a-Service (DaaS) Protocol
An additional advantage in the case of staking is that ZEUS tokens are randomly airdropped by the platform to the consumers while they unstake. The clients are capable of purchasing the tickets to be a part of the Olympus Lottery to have an opportunity to secure a proportion of the prize pool that contains USDC. In the case of both use cases, Chainlink VRF is helpful by randomly choosing the lottery as well as airdrop recipients.
The objective of Zeus is to turn into a front-running DeFi-as-a-Service (DaaS) protocol. The trust-minimized services of Chainlink will keep on playing a significant role in the tech advancement of the venue, as Zeus Finance mentioned in its announcement.
