TechFlow news, Cobo's institutional-grade DeFi investment management platform, Cobo Argus, has integrated Chainlink Price Feeds on the Arbitrum mainnet. Through this integration, Cobo Argus now accesses reliable and tamper-proof price data provided by Chainlink's decentralized oracle network, enabling users to instantly withdraw funds during token de-peg events and safeguard against financial losses due to price volatility.
In the GMX protocol already supported by Cobo Argus, withdrawal bots leverage Chainlink’s highly reliable real-time pricing for assets such as DAI, FRAX, USDC, USDT, and WBTC. In the event of a de-peg, these bots automatically execute token swaps or predefined on-chain operations to prevent fund losses.
Cobo Argus is built on Safe{Wallet}, offering role-based on-chain access control, fine-grained risk management at the function and parameter level, and DeFi bots supporting advanced functionalities.
