Zeta Markets Leverages Chainlink Price Feeds to Secure Perpetuals Exchange

Zeta Markets
3 min readFeb 15, 2023

Blockchain oracles are at the center of many decentralized finance protocols. They provide applications like Zeta with secure and reliable financial data that can be used on-chain, enabling the creation of innovative and open financial products.

Today we’re thrilled to announce that Zeta has integrated Chainlink Price Feeds on Solana mainnet. The integration will initially use the following Chainlink Price Feeds: BTC/USD, ETH/USD, and SOL/USD. By leveraging Chainlink’s reliable, high-speed, and decentralized price feeds, Zeta can improve the performance and resilience of its trading exchange. Adding Chainlink as a trusted oracle provider will help ensure that perpetuals and other contracts on Zeta are settled with even greater accuracy and reliability.

Zeta Markets is an under-collateralized derivatives platform with a fully on-chain risk engine and Central Limit Order Book (CLOB). Solana is the only mature ecosystem that provides the engineering flexibility to host such an application without compromising on decentralization.

Chainlink Price Feeds are an essential part of the trading infrastructure needed for DeFi on Solana to blossom. This combination of institutional-grade oracles, high-throughput base layer, and diverse validator set makes Solana one of the most performant chains for institutional finance. Thankfully, Chainlink has proven it can gracefully navigate unexpected events. This is essential for systems that handle trade execution and risk management, especially those that provide the added guarantees provided by web3.

“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.” — Tristan Frizza, Founder of Zeta Markets

About Chainlink

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About Zeta Markets

Zeta is an award winning protocol layer for derivatives in web3. Our mission is to become the number-one provider of on-chain products in our field. Zeta’s flagship product is a capital-efficient decentralized exchange offering perpetual contracts, European cash-settled options and dated futures. The entire program has been built on Solana, including its risk engine and order book, making it the most composable full-stack decentralized exchange in the world. The Zeta DEX has been live on Solana since January 2022, bootstrapped by some of the most experienced experts in cryptocurrency trading and decentralized finance, including Jump Crypto, Amber, Wintermute, Pattern Research, and Electric Capital.

Stay up to date with our developments by following us on Twitter and joining our discord.

Visit our landing page and view our documentation to start trading today.

--

--

Zeta Markets

Zeta Markets is the premier under-collateralized DeFi derivatives exchange, providing liquid derivatives trading to individuals and institutions alike.