We’re excited to announce that Cobo Argus, a secure and efficient on-chain DeFi management solution, has integrated Chainlink Price Feeds on Arbitrum mainnet. Built on top of Safe{Wallet} (previously Gnosis Safe), Cobo Argus offers on-chain role-based access controls, granular risk management at both function and parameter levels, and advanced DeFi bots. By integrating with Chainlink, the industry-leading decentralized oracle network, Cobo Argus has access to reliable, tamper-proof price feeds. This helps empower users with the ability to withdraw funds if a token loses its peg, limiting any potential losses.
Cobo Argus’ initial integration with Chainlink Price Feeds encompasses the following key pairs: DAI/USD, FRAX/USD, USDC/USD, USDT/USD, and WBTC/BTC. Chainlink has been selected as the preferred oracle solution for its seamless integration capabilities and established track record in production. To date, Chainlink has facilitated over $8.5 trillion worth of transactions across the on-chain finance space, consistently demonstrating reliable uptime and strong security even during unexpected volatility.
Headquartered in Singapore, Cobo is one of the largest digital asset custody solutions providers globally, with over 500 institutional clients globally. Developed by the DeFi experts in Cobo, Cobo Argus is a smart contract-based, on-chain DeFi management solution that offers powerful features to facilitate team role delegation and frictionless DeFi investment, including on-chain RBACs, granular risk management, DeFi bots, DeFi strategies authorization, and more.
As a DeFi investment and risk management tool, Cobo Argus has launched a Withdrawal Bot for the GMX platform. This customized tool caters to quant teams specializing in arbitrage strategies. To enable this, access to highly reliable, real-time prices of WBTC / WETH / USDC / USDC.e / USDT / DAI / FRAX / LINK / UNI / ETH fed directly on-chain is required. Once a depeg happens, this bot is designed to automatically execute token swaps or perform a predefined on-chain operation.
Chainlink Price Feeds offer a multitude of critical features, including:
- High-Quality Data—Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by liquidity depth, and cleaned from outliers and suspicious volumes. Chainlink’s data aggregation model generates precise global market prices that are resistant to API downtime, flash crash outliers, and data manipulation attacks like flash loans.
- Secure Node Operators—Chainlink Price Feeds are secured by independent, security-reviewed oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises with a strong track record for reliability, even during periods of high gas prices and extreme network congestion.
- Decentralized Network—Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or the oracle network.
- Transparency—Robust, publicly available reputation frameworks and onchain monitoring tools allow users to independently verify the historical performance of node operators and oracle networks, as well as check the real-time prices being offered.
- Economy of Scale—Chainlink Price Feeds benefit from an economy of scale effect, where increasing adoption allows multiple projects to collectively use and fund shared oracle networks to fetch commonly required datasets. This allows DeFi projects to get premium data quality and robust oracle security for a lower total cost.
“Highly reliable, accurate, and timely price data is critical for Cobo Argus to help enable our users to swiftly withdraw their funds in the event of a token depeg. We’re excited to integrate the industry-standard Chainlink Price Feeds into our DeFi investment and risk management solution,” Alex Zuo, Vice President at Cobo, commented.
About Chainlink
Chainlink is the industry-standard Web3 services platform. It has enabled trillions of dollars in transaction volume across DeFi, onchain finance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink empowers developers to build feature-rich Web3 applications with seamless access to real-world data, off-chain computation, and cross-chain interoperability across any blockchain, providing 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.
About Cobo Argus
Cobo Argus is an institutional-grade on-chain digital asset management solution. Built on top of Safe{Wallet} (previously Gnosis Safe), Cobo Argus provides unparalleled security, workflow efficiency, and risk management for interacting with DeFi protocols. Cobo Argus offers a comprehensive suite of powerful features including multi-signature security, on-chain role-based access controls, granular permissions at function and parameter levels, advanced DeFi bots, single-signature authorizations, automated risk monitoring, and more. Cobo Argus supports all open-source DeFi protocols on compatible blockchains. Learn more: www.cobo.com/argus