Impermax Integrates Chainlink Keepers to Automate Staking Reward Distributions
Impermax is pleased to announce that they have integrated Chainlink Keepers on Ethereum mainnet. Chainlink Keepers is a decentralized service that leverages secure and reliable off-chain computation to automate on-chain functions for smart contracts when preset conditions are met. To begin, they are leveraging Chainlink Keepers to automate staking reward distributions to IMX stakers whenever the reward is not claimed by anyone else for more than 6 hours. This will ensure that the reward is distributed to stakers at least every 6 hours.
They elected to integrate Chainlink Keepers because it’s a decentralized network made up of the same time-tested, professional DevOps that already run the infrastructure for Chainlink Price Feeds, which secure tens of billions of dollars in value for top DeFi protocols. Chainlink Keepers are optimized to perform advanced off-chain computations at low-costs with verifiable calldata, enabling our team to outsource automation of key processes in a trustless manner.
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. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
About Impermax
Impermax.finance is an advanced DeFi platform that allows anyone to earn yield from liquidity providing with no impermanent loss. Using Indirect Liquidity Providing, farmers can lend funds to other farmers who use them to increase their earnings. The earnings are then shared between the lenders and borrowers.
⬇️DETAILS:
