Qube Has Integrated Chainlink Keepers
Qube Integrated Chainlink Keepers To Help Automatically Recalculate the Value of Staking Rewards
Qube has integrated Chainlink Keepers on BNB Chain mainnet. By integrating the industry-leading decentralized oracle network. They now have access to a secure and cost-efficient smart contract automation service that helps us automatically recalculate the value of staking rewards in QUBE — the native token.
The DEX needs to periodically recalculate ROI based on market conditions and changes to interest rates for staking rewards. They decided to leverage Chainlink Keepers to initiate the recalculation process every month because it would be too error-prone to have it initiated by a human. This keeps the users up-to-date with the value of staking rewards earned in QUBE. Giving them a more transparent and consistent user experience.
Aside from that, their Chainlink integration does not change the user experience. The flexibility of their new infrastructure allows them to accumulate rewards regularly and stake tokens can be unstake and withdraw at any time according to changes in interest rates on rewards.
Why Chainlink?
They selected Chainlink as their go-to oracle solution because its infrastructure is seamless to integrate & time-tested in production. Giving users additional guarantees that the interest calculation mechanism will function exactly as intended.
Chainlink Keepers serve as a decentralized, hyper-reliable, & economically incentivized automation bot that wakes up smart contracts when they need to perform critical on-chain functions. Usually take place at regular time intervals or based on external events. Chainlink already helps secure tens of billions of dollars in DeFi, even during record levels of network congestion and extreme volatility.
Some of the notable features of Chainlink Keepers include:
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- High Uptime — Chainlink Keepers are run by the same professional DevOps teams that have an established on-chain performance history of providing high reliability to Chainlink Price Feeds during extreme network congestion.
- Enhanced Security — Tamper-proof, Sybil-resistant Chainlink Keepers sign on-chain transactions themselves, enabling automated smart contract execution without exposing private keys.
About Chainlink
The Chainlink industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. The 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 Qube Crypto Space
Qube a multifunctional project offering a decentralized exchange for trading with DeFi. An IDO Launchpad to help new projects start their path in the crypto world. An NFT marketplace where you can buy and sell different kinds of art. Play-to-earn games with the opportunity to convert in-game assets and rewards into money.
The Qube ecosystem designed to combine most of the capabilities of blockchain & DeFi in one space. This includes the exchange of cryptocurrencies, the creation and sale of NFTs, the launch of crypto projects. Entertaining games with a chance to earn money, and the social interaction of crypto enthusiasts.
