ApeSwap has integrates Chainlink Keepers on BNB Chain mainnet. They are leveraging Chainlink Keepers to help automatically compound vault rewards in a highly secure and cost-efficient manner. As a result, they are able to enhance the decentralization and reliability of our DeFi platform.
They decided to integrate Keepers to help decentralize ApeSwap’s vault compounding function because Keepers are operated by the same pool of time-tested, provably reliable node operators that currently help secure tens of billions of dollars across DeFi, even during periods of network congestion and extreme volatility. Chainlink’s time-tested infrastructure helps ensure that every automated vault compound is execute on time in a trust-minimize manner.
BANANA Maximizers
BANANA Maximizers are a unique product offering users auto-compounding yield in the BANANA utility token for staking Liquidity Provider tokens (APE-LP) in our protocol. When community stakes their Liquidity Provider tokens in one of the 20 vaults launching in the coming weeks. Chainlink Keepers ensure BANANA tokens are auto-compounded into the high-yield BANANA-BANANA Pool.
ApeSwap utilizing Chainlink Keepers because it is among the best options available on the market today. Instead of relying on manual interventions or centralized scripts. They help ensure that rewards are constantly compounded for APE-LP staking. This gives the users two key advantages: The users will pay some of the lowest auto-compound fees in the DeFi space for staking Liquidity Provider tokens. The protocol actively works to alleviate continuous sell pressure from predatory vault aggregators and mercenary farmers.
Chainlink Keepers are a decentralized service purpose-built to manage tasks on behalf of smart contracts. Chainlink Keepers serve as decentralized, hyper-reliable, economically incentivized automation bots that wake up smart contracts when they need to perform critical on-chain functions. Usually take place at regular time intervals or based on external events.
Some of the notable features that make Chainlink Keepers the recommended solution for developers building on BNB Chain include:
- Decentralized Execution — Chainlink Keepers provide reliable, trust-minimized automation with no single point of failure, mitigating risks around manual processes and centralized servers.
- Increased Efficiency — Projects that use Chainlink Keepers are able to reduce time spent on DevOps, minimize operational overhead, and streamline development workflows.
- Enhanced Security — Chainlink Keepers sign on-chain transactions themselves, enabling automated smart contract execution without exposing private keys.
- Reduced Costs — Chainlink Keepers perform efficient off-chain computation for smart contracts, allowing developers to build feature-rich dApps at lower costs.
About Chainlink
Chainlink the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Oracle networks provide smart contracts with a way to reliably connect to any external API & leverage secure off-chain computations for enabling feature-rich applications. Currently secures tens of billions of dollars across DeFi, insurance, gaming, major industries, & offers global enterprises & leading data providers a universal gateway to all blockchains.
About ApeSwap
ApeSwap a decentralized finance platform, a full suite of tools to explore and engage with the future of wealth building. Overseen by the ApeSwap Decentralized Autonomous Organization (DAO). The community and partners can tap into the next generation of financial innovation through our decentralized exchange. Utility token staking, premium launchpad, lending network, and NFT marketplace in a secure, transparent, and globally accessible way.
