DAO Invest x Chainlink Keepers Integration

Published on: 31.08.2021
DAO Invest x Chainlink Keepers Integration

DAO Invest announced integration of Chainlink Keepers on Ethereum to Automate Passive Income Payouts for all the DAO Invest community members.

Chainlink Keepers use decentralized and provably reliable off-chain computation to monitor user-defined conditions and then call on-chain functions once conditions are satisfied. DAO Invest will leverage Chainlink Keepers to trigger the execution of passive income payouts for the VEST token holders. This will empower DAO Invest Ecosystem to better manage the community crypto portfolio and automate the payouts, ultimately increasing the resilience of the whole platform overall.

DAO Invest is a part of inSure DeFi Ecosystem that creates a community-controlled crypto portfolio that allows staking by contributing to the community-voted liquidity pools.

VEST token is a native utility token of DAO Invest Ecosystem which enables rights to vote on the future roadmap items and potential partnerships or support of other projects.

DAO Invest is a long-term project that has the ability to pivot based on the decision of the community. All the transactions and community LP holdings are verifiable on Ethereum, BSC, and Polygon chains.

Chainlink Keepers provide a decentralized solution that is cost-effective, reliable and upholds the same security guarantees of the blockchain. Chainlink Keepers will be used to monitor users’ VEST holdings and based on the maturity of the VEST trigger the passive income payouts.

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 DAO Invest

DAO Investis a Decentralized Crypto Portfolios Management Ecosystem, trusted by thousands of members to create community wealth. DAO Invest provides a collaborative approach to manage the LPs for VEST tokens and increase the value of the governance token by utilizing collective wisdom.

📰 INFO

https://medium.com/@daoinvest/dao-invest-will-integrate-chainlink-keepers-to-automate-the-passive-income-payouts-24ed7bb1b55f

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