Unicly Integrates Chainlink Keepers to Automate Key Smart Contract Functions

Published on: 12.09.2021

Unicly has integrated Chainlink Keepers on mainnet to automate key smart contract functions on the platform. Specifically, Chainlink Keepers are used to automate farming reward distributions to token holders, as well as automatically swap NFT trading fees to our native token and distribute the fees back to token holders.

Chainlink Keepers offers several unique advantages:

  • High Uptime :— Chainlink Keepers are run by the same professional DevOps teams that have an established on-chain performance history of providing high reliability to Chainlink Price Feeds during extreme network congestion and market volatility.
  • Low Costs :— Chainlink Keepers have several gas-optimizing features that lower the costs of automating maintenance tasks for users, including a rotating node selection process to prevent gas price auction wars and stabilize costs.
  • Decentralized Execution :— Chainlink leverages a decentralized and transparent pool of Keepers to help provide strong guarantees around secure contract automation, saving teams time and mitigating the risks around manual interventions or centralized servers.
  • Expandable Computation :— Chainlink Keepers perform off-chain computations and generate calldata verifiable by smart contracts, allowing developers to build advanced, trust-minimized dApps at lower costs.

Chainlink Keepers help to automate core components of Unicly’s daily operations and decrease the burden placed on developers.

About Unicly

Unicly is a permissionless protocol to combine, fractionalize, and trade NFTs. It allows anyone to fractionalize a collection of NFTs to create ERC20 uTokens that can be traded on the platform. Whitelisted pools, meanwhile, can farm the UNIC governance token. Unicly features more than $65 million in NFTs from fractionalized collections including Jenny DAO, Crypto Punks, Bored Apes YC, Aavegotchi, Hashmasks, Axie, and Beeple, making it the largest NFT platform of its kind.

About Chainlink

Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain.

➡️Source:
https://medium.com/unicly/unicly-integrates-chainlink-keepers-to-automate-key-smart-contract-functions-b658a1fd1f6

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