Hakka Finance Integrates Chainlink Keepers

Published on:

Hakka Finance integrates Chainlink Keepers to decentralize the automation of its prediction market.

 Hakka Intelligence is the novel prediction market developed by Hakka Finance integrated with  Chainlink Keepers live on BNB Chain.

For this round of predictions, Hakka Intelligence will be leveraging Chainlink Keepers to securely and cost-efficiently automate the calculation of users’ price predictions.

 The community voted that users will have to predict the token prices of Bitcoin (BTC), Polygon (MATIC), Solana (SOL), as well as DogeCoin (DOGE).

Users will be rewarded according to their prediction accuracy.

In addition, Hakka has decided to decentralize the automation of Hakka Intelligence’s price prediction function using Chainlink Keepers.

How Chainlink Keepers Support Hakka Intelligence?

Previously, making price predictions on Hakka Intelligence was a manual and suboptimal process. For instance, users needed to remember reveal periods and log in on time to interact with the contract and measure the accuracy of their predictions. Otherwise, users would lose all of their bets, which is frustrating.

Chainlink Keepers is a decentralized service purpose-built to manage tasks on behalf of smart contracts. It serves as a decentralized, hyper-reliable, and economically incentivized automation bot that wakes up smart contracts when they need to perform critical on-chain functions, which usually take place at regular time intervals (e.g., every day at the same time) or based on external events (e.g., when an asset hits a specific price).

We integrated Chainlink Keepers because they are the most reliable smart contract automation service, helping improve our platform’s user experience as they abstract away the complexity of the original manual, inefficient prediction process.”— Hakka Finance Team.

What’s next?

Furthermore, Hakka Finance is exploring more ways to automate its protocol with Chainlink Keepers. It will also identify other ways to integrate Chainlink trust-minimized services to enhance its offerings.

ABOUT Hakka Finance
Hakka Finance is a set of decentralized finance (DeFi) applications, which form an all-inclusive ecosystem of tools that allow users to pursue financial sovereignty.

Website | Twitter

ABOUT Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external AP. Leverage secure off-chain computations for enabling feature-rich applications.

Website | Twitter



Market Stats:
BTC Dominance: 42.53%(-0.22%/24h)
ETH Dominance: 15.46%(+0.46%/24h)
Defi Market Cap: $38.2B(+20.76%/24h)
Total Market Cap: $961.27B(+2.82%/24h)
Total Trading Volume 24h: $63.25B(+0.84%/24h)
ETH Market Cap: $148.59B
Defi to ETH Ratio: 25.71%
Defi Dominance: 3.8%
Altcoin Market Cap: $552.48B
Altcoin Volume 24h: $38.81B
Total Cryptocurrencies: 19999
Active Cryptocurrencies: 9946
Active Market Pairs: 58876
Active Exchanges: 523
Total Exchanges: 1683