Unstoppable Integration with Chainlink

Published on: 15.12.2022
Unstoppable Integration with Chainlink

Unstoppable Integration with Chainlink, Unstoppable a fully dedicated to democratize access to DeFi through simple UI/UX and a suite of amazing products.

About two months ago Unstoppable released the Zero Fee GLP Autocompounder as a public good for the GMX and GLP ecosystem. The Autocompounder leveraged the Chainlink ETH/USD Data Feed on Arbitrum to help mitigate excessive slippage in compounding transactions. They chose to use Chainlink Price Feeds because they were the undisputed industry standard for decentralized price data, and it has proven invaluable in helping mitigate slippage for users. As Unstoppable announced its Integration with Chainlink.

Autocompounding with Unstoppable and Chainlink

Thanks to Chainlinks new Automation service, they now fully automated all yield harvesting and GLP purchase actions in their Autocompounder.

The highly reliable and decentralized automation services help guarantee a minimum of two auto-compound transactions every 24 hours.

Chainlink Automation

  • Highly reliable, performant, and decentralized automation — ensures transactions are identified and confirmed quickly even during periods of heavy network congestion by leveraging Chainlink’s battle-tested transaction manager.
  • Time-tested infrastructure that helps save costs — enables to eliminate in-house automation infrastructure costs, reduce resources spent on DevOps, and increase speed and efficiency.
  • Built to enable faster scaling —  enables to scale faster and avoid the challenges that come with building and maintaining the infrastructure needed to reliably automate across multiple chains.
  • Unlocks new use cases — With smart contract automation, we’re able to explore new use cases and unlock capabilities that would otherwise not have been possible.

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About Unstoppable

At Unstoppable they are fully dedicated to democratize access to DeFi through simple UI/UX and a suite of amazing products.

Right now they are building the next generation decentralized exchange. With integrated margin trading, single sided LPing, instant Fiat on-/off-ramp and a mass-adoption friendly wallet.

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SOURCE: MEDIUM
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