2022-08-08 13:15:58
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/
5.4K views10:15