You need smart contract automation if you want your #DeFi dApp | Polygon Official Announcements

You need smart contract automation if you want your #DeFi dApp to be scalable.

As the recommended automation solution #onPolygon, developers can leverage #Chainlink Labs Keepers to save time and introduce advanced utility to #DeFi dApps.

RT: https://twitter.com/0xPolygon/status/1556287577531252736

How Keepers work

Smart contracts cannot trigger themselves, and centralized and manual automation solutions introduce a single point of failure, exposing smart contracts to security and reliability issues.

That’s why many #DeFi protocols are outsourcing smart contract automation to decentralized solutions.

#Chainlink Keepers are decentralized automation bots powered by a time-tested network of professional node operators.

Chainlink Keepers continuously monitor conditions and issue on-chain transactions that trigger the smart contract’s functions to execute when conditions are met.

Developers can make smart contracts Keepers-compatible with 2 simple functions:
checkUpkeep: The Trigger
performUpkeep: The Executable

And now, anyone can use the new Chainlink Keepers Job Scheduler, a new no-code automation tool, to automate time-based smart contract functions in seconds.

The Chainlink Keeper Network is decentralized, which bolsters reliability. Plus, all computation is done off-chain, which helps save on transaction fees and enables developers to build more feature-rich dApps.

#Chainlink Keepers are popular in DeFi #onPolygon, where automation is needed to trigger things like limit orders, automated trading, auto-compounding yield or settling rounds in prediction markets.

Here are more use cases: https://chain.link/keepers

So how are developers integrating #Chainlink Keepers to support their dApps #onPolygon?

#ArmadilloILP by COTI Group is using Chainlink Keepers on Polygon to help automate payouts to liquidity providers (LPs) for their incurred impermanent losses.

CivFund integrated #Chainlink Keepers to enable limit orders. Chainlink Keepers saved Civilization $CIV $250,000/year and 3 months’ development time while providing enhanced uptime and enabling on-chain monitoring.

#Sirenprotocol uses Chainlink Keepers in combination with Chainlink Price Feeds to help secure pricing and automate settlements for its options markets.

These are only a fraction of the potential use cases unlocked by Chainlink Keepers.

Get started automating your Polygon-based smart contracts with Keepers today https://docs.chain.link/docs/chainlink-keepers/introduction/