On October 12, 2023, Cobo Argus, a fortified on-chain DeFi management solution, announced its integration with Chainlink Price Feeds on the Arbitrum mainnet, bolstering the security and efficiency of its automated DeFi strategies. This integration stems from Cobo Argus’s collaboration with Chainlink, the leading decentralized oracle network, to access accurate, tamper-resistant price data, crucial for enabling users to mitigate potential losses through timely fund withdrawals if a token loses its peg.
The initial phase of the integration has incorporated key price pairs including DAI/USD, FRAX/USD, USDC/USD, USDT/USD, and WBTC/BTC. Chainlink was chosen for its seamless integration features and a proven track record, having facilitated over $8.5 trillion in transactions within the on-chain finance ecosystem, showcasing robust security and reliable uptime, even amidst market volatility.
Headquartered in Singapore, Cobo stands as a…
