Ooki Integrates Chainlink Keepers
Ooki successfully integrated with Chainlink Keepers to increase the reliability of its liquidation mechanism. Given the great success of Chainlink Price Feeds in securing Ooki’s oracle mechanism on mainnet despite extensive market volatility and network congestion, Ooki felt confident in expanding its integration with Chainlink to Keepers.
Chainlink Keepers are secured by the same highly reliable network of node operators and enhance the functionality of the Ooki protocol without compromising on security and transparency.
Ooki is a secure, non-custodial, and multi-chain DeFi protocol currently live on Ethereum, Binance Smart Chain, and Polygon that facilitates transactions between lenders, borrowers, and traders.
“Whether it’s Chainlink Price Feeds or Keepers, our team has been impressed with Chainlink’s extensive track record of reliability and how easy their solutions are to integrate. Adding Chainlink Keepers empowers us to create a more robust mechanism for liquidations to ensure continued solvency of the protocol, ultimately creating a more secure and reliable user experience.”— Tom Bean, CEO of Ooki
Ooki integrated Chainlink Keepers to increase the reliability of its liquidation mechanism, further ensuring solvency of all lending pools and upholding the integrity of user’s collateralization ratios.
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 Ooki
The Ooki protocol is an multi-chain decentralized platform built for DeFi lending and margin and leverage trading that differentiates itself from competitors through a smart contract-powered token system. Ooki protocol’s unique architecture ensures that the gas fee associated with using Ooki does not increase along with the number of assets supported by the platform.
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