SAWA Protocol Integrates Chainlink Automation

Published on: 31.05.2023
SAWA Protocol Integrates Chainlink Automation

SAWA Protocol Integrates Chainlink Automation, helps SAWA to automate the distribution of staking yields, vested tokens, and partner rewards.

By integrating the industry-leading decentralized oracle network, they’re able to access high-quality price data feeds needed to help denominate and display native digital asset balances in USD. As SAWA Protocol Integrates Chainlink Automation.

Decentralizing Reward Distributions With Chainlink Automation

Chainlink Automation decentralizes their reward distribution mechanisms — from staking yields to vested token distribution — with hyper-reliable decentralized oracle networks.

  • 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.

“We are very excited to be a part of the Chainlink ecosystem. By integrating Chainlink Price Feeds and Automation as best-in-class oracle infrastructure, we were able to improve the reliability, transparency, and performance of our protocol, which will be especially important as we expand to capture more of the DeFi space.” — Marcel Germanovich Botashev, Founder of SAWA Crypto.

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About SAWA Crypto

SAWA is an omni-chain launchpad protocol creating a DEX with perpetual chain future contracts with high liquidity and access to real-world assets.

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SOURCE: SAWA BLOG
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