RoboVault Upgrades to Chainlink Keepers
RoboVault Upgrades to Chainlink Keepers — RoboVault has upgraded its smart contract automation solution to Chainlink Keepers on Avalanche mainnet and will be integrating this solution on chains such as Polygon & Fantom in the future.
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. And now announcing RoboVault upgrades to Chainlink Keepers.
They chose to upgrade to Chainlink Keepers because they have the most secure model and reliable functionality. Moreover, 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.
Keepers solutions are critically important to the security and reliability of RoboVaults strategies. Many strategies employ collateralized borrowing to create an LP position in order to maximize yield on single assets, with specific parameters on how much outstanding debt can be employed and a threshold on debt-to-collateral ratios based on the price fluctuations of the underlying assets. When prices move, RoboVaults delta-neutral strategies must rebalance assets just as quickly to maintain a position that has minimal exposure to market movements and avoid any potential liquidations on borrowed positions.
Chainlink Keepers Features
- Decentralized Execution
- Increased Efficiency
- Enhanced Security
- Reduced Costs
“Keepers solutions play a larger role in RoboVault compared to many other DeFi protocols. While some might get away with using in-house solutions or less-reliable services because the underlying use cases are less stringent, rVaults require the best automation service in the industry, which is clearly, in our minds, Chainlink Keepers.” — the RoboVault team.
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services. Needed to power hybrid smart contracts on any blockchain. Moreover, 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.
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. Furthermore, it utilizes either lending protocols or funds from other RoboVault strategies.
