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Distributed Storage for DeFi with Züs and Band Protocol

Chad Hanson
August 26, 2021
Blockchain StoragePartnership updates

Züs and Band Protocol

Züs (formerly 0Chain) is pleased to announce an integration with Band Protocol. Band Protocol is the market leader for secure and customizable decentralized oracles. These enable data streaming from Band Oracles to provide metadata mapping, token price feeds, and more. Band Protocol’s customizable oracle framework used by major DeFi and blockchain applications to secure billions of dollars already will prove to be a valuable asset for Züs to become the leader in decentralized storage. Without dedicated distributed storage for DeFi these applications have lacked a crucial security and trust layer.

With the continued rise of L1 smart contracts, oracles have provided transparency and accuracy for data that is used to trigger smart contracts. By connecting smart contracts to verifiable data, users can use crypto platforms with ease while knowing their assets are safe.

While L1 protocols continue to expand and leverage data oracles, such as those provided by Band Protocol, the majority are still connected to centralized data storage solutions. Züs, a decentralized storage platform, enables scalable storage on a distributed level that allows for high transaction throughput as well as high data availability and security.

Through this integration, Band Protocol and Züs will collaborate to provide a secure Storage layer. One dedicated to distributed storage for DeFi. This accomplishes connecting smart contracts to safe, verifiable data. It also decreases the risk of data breaches while simultaneously enhancing availability and privacy.

“Züs is excited to collaborate with Band Protocol to provide highly-reliable oracle and data storage solutions for decentralized applications. The multi-step integration enables developers and enterprises to simply leverage Züs’ storage platform while accessing price feeds, storage metrics and metadata mapping all via Band Protocols oracles. We look forward to providing dApps with verifiable data feeds that are resistant to breaches and value user privacy” said Adrian Corcoran, Head of Partnerships at Züs.

“Band Protocol is proud to support Züs with customizable decentralized oracles in a multi-faceted integration. The collaboration is a testament to the flexibility of Band Protocol to provide a bespoke and trusted oracle solution to a variety of decentralized applications including Züs to secure a decentralized storage layer on a cross-chain and external level,” said Kevin Lu, Head of Business Development at Band Protocol.

Collaborative Integration

Our initial collaborative integration will provide data streams available via Band oracles for the following data

  • Price feeds for $ZCN token as well as storage allocation pricing, enabling transparency of the cost of leveraging Züs’ dStorage.
  • MetaData Mapping enables oracles to provide data to verify data storage. Including the storage of L1 blockchain data, such as Ethereum or Solana. This enables verifiers to provide a source of truth for transaction history.
  • Blobber (data storage providers) data will be available for users to view metrics. These metrics include geolocation, pricing, speed, and more. This allows developers, and enterprises to allocate data to Blobbers that meet their needs. In addition, a dynamic feed will allow users to provide feedback to coincide with verifiable metrics while also taking into the consideration user experience.

About Band Protocol

Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations. However, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on a single point of failure. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.

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About Züs

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