Visor Finance Integrates Chainlink
The DeFi protocol for active liquidity management, building on Uniswap V3, Visor Finance thrilled to announced its integration with Chainlink Keepers on Ethereum mainnet, serving as a highly reliable and trust-minimized way to run a deterministic ‘Supervisor’ which contributes to Visor’s liquidity management strategies on Uniswap v3. Chainlink Keepers is a decentralized service that allows development teams and DAOs to delegate regular smart contract maintenance tasks to a Chainlink’s existing network of professional DevOps. In the case of Visor’s Supervisor layer, Chainlink Keepers will automate certain on-chain functions pertaining to liquidity management strategies on Uniswap v3, such as rebalancing LP positions when certain predefined thresholds are crossed.
“Chainlink Keepers enables us to offer strategists the ability to automate certain processes within our liquidity provisioning protocol, all while minimizing implementation complexity and assuring reliability. The optimization and simplicity built into Chainlink Keepers made it superior to other third-party solutions, which is ultimately empowering for strategists to focus on producing more sophisticated strategies rather than smart contract tooling.”—Miles Becker, Visor Finance
By leveraging Chainlink Keepers, liquidity management strategies can run reliably in an automated manner. In the first use case of Chainlink Keepers fees must be periodically reinvested with new and existing capital being strategically re-allocated between active liquidity positions and single asset limit orders. Visor relies on its management daemons (Supervisors) to implement strategies that reap the highest possible returns for Active LP’s. Chainlink Keepers will immediately allow Visors to maintain the highest possible asset utilization by monitoring utilization rates and deploying capital where and when Supervisors say it is needed.
ABOUT Visor Finance
Visor Finance is a liquidity management protocol that allows DeFi participants to provision their assets for use as liquidity that’s actively deployed into Uniswap v3 pairs and be managed by Supervisors — deterministic and non-deterministic active position management. Visor is integrated with many liquidity pools on Uniswap and utilizes a variety of market making strategies to maximize returns from LP fees while minimizing impermanent loss.
ABOUT Chainlink
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain.
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