RoboVault Integrates Chainlink
RoboVault integrates Chainlink Keepers on Avalanche mainnet and will be integrating this solution on chains such as Polygon & Fantom in the future to support DeFi Vault Automation.
Keepers services are the backbone of RoboVaults delta-neutral strategies, providing the reliable and timely automation services needed to help ensure that debt and leverage positions are always in line with their strategy criteria and are appropriately positioned to maximize yields and minimize exposure to market movements.
Furthermore, RoboVault chose to upgrade to Chainlink Keepers because they have the most secure model and reliable functionality. Additionally, RoboVault has already integrated Chainlink Price Feeds the industry-standard solution for accessing decentralized price data, currently helping secure tens of billions of dollars in DeFi value — as a critical component in helping calculate yield strategies for rVaults in all market conditions.
Now, they are upgrading its Keepers solution to Chainlink Keepers, a decentralized smart contract automation solution made up of the same professional DevOps nodes that help secure Chainlink Price Feeds.
DECISIONS MAKING
RoboVault decided to upgrade to Chainlink Keepers because the service has a variety of standout features, including:
- 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 — Tamper-proof, Sybil-resistant 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.
Furthermore, Keepers solutions play a larger role in RoboVault compared to many other DeFi protocols.
ABOUT Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services. It empowers hybrid smart contracts on any blockchain. Chainlink 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.
ABOUT RoboVault
RoboVault has developed a number of single-asset pseudo-delta neutral strategies in which users deposit tokens such as USDC, WBTC & WETH. The strategies are tied to the specific vault. It will automatically create an LP position. Utilizes either lending protocols or funds from other RoboVault strategies.
RESOURCES
Medium
