Abachi Integrating Chainlink Keepers and Price Feeds for Secure DeFi Automation

4 min readJan 13, 2022

Abachi is excited to announce that we are integrating Chainlink Keepers to automate the rebalancing of the Abachi treasury while also referencing Chainlink Price Feeds to bring secure and reliable market data to our smart contracts. By integrating Chainlink’s industry-leading decentralized oracle network, Abachi will access the secure, decentralized real-world data and off-chain computation it needs to help eliminate single points of failure in its treasury protocol.

Early pioneers in decentralized finance built highly secure infrastructure and tooling that rivals those found in traditional finance. However, to reach its full potential, DeFi must integrate with the world’s conventional finance players instead of trying to replace them. With Chainlink’s help, Abachi unlocks massive and immediate real-world use cases for DeFi to make it more accessible to traditional finance.

Abachi is powered by a protocol-owned treasury, which is a blend of stablecoins and the OHM token, a massively successful decentralized reserve currency powered by the Olympus DAO.

Since inception, Abachi has been committed to integrating the absolute best infrastructure solutions in the industry — which is why we are very excited to announce our integration of Chainlink as our exclusive market data and automation solution. Abachi will use Chainlink Price Feeds to bring accurate price data to our treasury and help calculate minting and bonding discounts. We will also be using Chainlink Keepers to securely and cost-efficiently automate the rebalancing of the Abachi treasury to help balance our treasury at a 50/50 split between gOHM and stablecoins. These are on-demand services dedicated to Abachi, secured with the help of Chainlink’s hyper-reliable oracle network. The OHMv2 x OHM index price feeds are now live on Polygon Mainnet as part of this integration.

Our integration with Chainlink will help Abachi achieve the ambitious growth plans we have set forth for 2022, starting with our official dApp launch on Polygon Mainnet in January. Since Chainlink is blockchain agnostic, it will also allow Abachi to become a multi-chain protocol.

The Chainlink Value Proposition

We decided to integrate Chainlink because it is the de-facto blockchain oracle with an unsurpassed track record of performance. Chainlink is the platform of choice for leading DeFi projects responsible for tens of billions of dollars in smart contract transactional value every day.

Integrating Chainlink Price Feeds was an easy decision. Chainlink Price Feeds source high-quality data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Moreover, 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.

The main reasons we integrated Chainlink Keepers include:

  • High Uptime — Chainlink Keepers are run by the same professional DevOps teams that have an established on-chain performance history of providing high reliability to Chainlink Price Feeds during extreme network congestion and market volatility.
  • Low Costs — Chainlink Keepers have several gas-optimizing features that lower the costs of automating maintenance tasks for users, including a rotating node selection process to prevent gas price auction wars and stabilize costs.
  • Decentralized Execution — Chainlink leverages a decentralized and transparent pool of Keepers to help provide strong guarantees around secure contract automation, saving teams time and mitigating the risks around manual interventions or centralized servers.
  • Expandable Computation — Chainlink Keepers perform off-chain computations and generate calldata verifiable by smart contracts, allowing developers to build advanced, trust-minimized dApps at lower costs.

“As we complete our Chainlink integration, we’re excited to launch a powerful set of products to bridge DeFi and TradFi. Chainlink’s strong security guarantees and highly reliable, decentralized architecture help create an environment where both end-users and enterprise finance departments can transparently verify Abachi’s products are working as intended.”
— Abachi Co-Founder Steve Slayo

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle network provides smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming and other major industries, and offers global enterprises and leading data providers with a universal gateway to all blockchains.

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

About Abachi

Launched in late 2021, Abachi is a platform that builds, funds and acquires tech to onboard real world users to DeFi. Abachi is comprised of Abachi Core, the middleware infrastructure required to bring traditional finance on-chain, and the Abachi Treasury, which funds the Core projects. The first project to emerge from Abachi Core is a multi-chain wallet managed by third-parties via an SDK, allowing entities to move assets between multiple blockchains seamlessly.

Abachi is supported by a strong team of builders and investors, and a vibrant community of 20,000+ Abachies. Learn more about Abachi on Medium or by visiting abachi.io. To join our growing community, visit discord.gg/abachi.