Horizon Protocol Integrates Chainlink Keepers
Horizon Protocol Integrates Chainlink Keepers, Horizon Protocol a DeFi protocol for the issuance and trading of borderless synthetic assets.
This Chainlink Keepers integration allows Horizon Protocol to securely and cost-efficiently automate the distribution of Horizon Exchange fees and staking rewards to HZN stakers in a timely manner. As Horizon Protocol Integrates Chainlink Keepers.
This marks another step forward in achieving the complete decentralization of Horizon Protocol. Decentralizing weekly reward distribution through Chainlink Keepers is one of many opportunities to further decentralize Horizon Protocol. As stated in the development roadmap, Horizon Protocol aims to leverage Chainlink Keepers to not only help provide their users with the increased security and robustness native to a truly decentralized ecosystem, but to also introduce further improvements that enhance the user experience.
What is Chainlink Keepers?
- 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. Developers are able to schedule time-based automation jobs in seconds using the no-code UI.
- Easy-to-use — Developers are able to schedule time-based automation jobs in seconds using the Chainlink Keepers Job Scheduler’s no-code UI.
About Horizon Protocol
Horizon Protocol is a DeFi protocol on BNB Chain that facilitates the issuance and trading of borderless synthetic assets. Horizon Protocol bridges the products of traditional financial markets and brings them into the world of decentralized finance (DeFi) in the form of synthetic assets. Synthetic assets, or zAssets on Horizon Protocol, allow users to gain exposure to the risk/reward profiles of a wide-range of real-world assets and derivative products, including commodities, cryptocurrencies, NFTs, fiat, and even combinations, or baskets of assets. Horizon Protocol users can invest or speculate on zAssets in borderless spot, futures, and options markets.
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services. Needed to power 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.
