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Chainlink
$22.28 1.58%
LINK · 6w

Recharge Finance Integrates Chainlink VRF to Help Secure Recharge Zaps

Recharge Finance Integrates Chainlink VRF to Help Secure Recharge Zaps

We’re excited to announce that Recharge Finance — a cross-chain passive yield ecosystem — has integrated Chainlink Verifiable Random Function (VRF) on Binance Smart Chain mainnet. By integrating the industry-leading decentralized oracle network, we now have access to a tamper-proof and auditable source of randomness needed to fairly select winners in each Zap. Ultimately this creates a more exciting, transparent, and fraud-proof user experience, as users can enter Recharge Zaps for free knowing that winners are truly chosen at random.

Recharge Zaps are just a small part of the Recharge ecosystem, a game of chance allowing anyone, whether they are an existing Recharge holder or not, to win Recharge tokens and build up yield-boosting referrals for Recharge’s exciting upcoming products. This product offering also gives users an extremely low barrier for entry to the Recharge Ecosystem. This is a critical piece of our #GoodFi initiative to bring more users into the decentralized finance crypto ecosystem. Any user may participate in Zaps, even if they do not hold one of our native tokens. The tokens acquired give the user the ability to interact with our ecosystem and vote on important governance issues. Anyone, in any location, has the opportunity to join us as we build this outstanding community-based ecosystem.

In order to pick winners in Zap divisions, we need access to a secure random number generator (RNG) that any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation and ensure system integrity. For instance, RNG solutions derived from blockchain data like block hashes can be exploited by miners/validators, while off-chain RNG solutions derived from off-chain APIs are opaque and don’t provide users with definitive proof about the integrity of the process.

After reviewing various sol...

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