Horizon Protocol Integrates Chainlink
Horizon Protocol — a DeFi platform for synthetic assets — has integrated Chainlink Automation on BNB Chain mainnet.
They are leveraging Chainlink Automation to provide users with the option to help securely and cost-efficiently trigger the claim function that distributes weekly rewards. As a result, users will be able to automate the rewards-claiming process and not have to manually claim every week. A full guide on how to implement this can be found on Horizon Academy.
To create on-chain synthetic assets, Horizon Genesis to stake and mint zUSD, a stablecoin with a high collateralization ratio. Active staking is to make sure the collateralization is balancing and protecting. Which is where Chainlink Automation comes in. Chainlink Automation provides users with a way to automatically claim their weekly rewards instead of having to manually claim them every week.
Horizon Protocol Integrates Chainlink
Chainlink Automation is a decentralized service purpose-built to manage tasks on behalf of smart contracts. Chainlink Automation leverages decentralized, hyper-reliable, and economically incentivized automation nodes to wake up smart contracts when they need to perform critical on-chain functions, which usually take place at regular time intervals (e.g., every day at the same time) or based on external events (e.g., when an asset hits a specific price).
About Chainlink
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
About Horizon Protocol
Horizon Protocol is a DeFi platform that facilitates the on-chain trading of synthetic assets that represent the real economy. Horizon Protocol seeks to provide exposure to real-world assets risk/return profiles via smart contracts on the blockchain.
