Steady State Will Integrate Chainlink Keepers to Decentralize Automated Insurance Claims

Steady State — a comprehensive DeFi insurance platform — will integrate Chainlink Keepers on the Ethereum blockchain. We plan to leverage Chainlink Keepers to securely and cost-efficiently automate the quantifying of risks and paying out of insurance claims. This will result in comprehensive DeFi insurance coverage while improving the efficiency of claim operations for our users.

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 Steady State

Steady State is one of the leading DeFi insurance platforms utilizing Chainlink’s Keepers solution to automate insurance claims. We provide protocols and platforms with practical insurance options to safeguard their financial future. Using automated processes, smart contracts, and risk analysis tools, our platform overcomes inconsistent risk analysis common in the existing DeFi insurance paradigm, delivering comprehensive risk quantification with efficient capital allocation.

⬇️DETAILS:

https://steadystatedefi.medium.com/steady-state-will-integrate-chainlink-keeper-network-e163edc7e7a9