Feeder Finance Integrates Chainlink Keepers to Decentralize Automation of Fees Distribution to FEED Stakers
Feeder Finance— a multi-chain, all-in-one DeFi platform — has integrated Chainlink Keepers live on Binance Smart Chain mainnet. By integrating the industry-leading decentralized oracle network, we now have access to Chainlink Keepers, a smart contract automation service that can securely and cost-efficiently automate the process of distributing FEED tokens from platform fees to the staking pool. As a result, accumulated auto-buyback of FEED tokens from platform fees are distributed to the staking pool through a decentralized and automated process.
They decided to decentralize Feeder Finance’s fees distribution function using Chainlink Keepers because it is operated by the same pool of time-tested, provably reliable node operators that currently help secure tens of billions of dollars in DeFi, even during record levels of network congestion and extreme volatility. The proven infrastructure of Chainlink helps ensure that every distribution of fees is executed on-time in a trust-minimized manner, giving users additional guarantees that it will function exactly as intended.
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
About Feeder Finance
Feeder Finance is an All-in-One DeFi platform that aims to simplify the investment journey for new and experienced users alike. Feeder Finance offers vault aggregation from top-tier projects on Binance Smart Chain, DEX Aggregator for quick and on-the-platform swapping, and Portfolio Dashboard for clear investment overview.
🔽DETAILS:
