Swix DAO Integrates Chainlink Keepers
Swix DAO — a high-yielding global property rental business that provides refined homestay accommodation — has integrated Chainlink Keepers live on Polygon mainnet.
Swix DAO is leveraging Chainlink Keepers to help securely and cost-efficiently automate our booking revenue distribution process. As a result, Swix is able to remove the need to create and maintain a custom upkeep system, saving development time and allowing us to place greater focus on innovation rather than “reinventing the wheel.”
They decided to securely automate the releaseFunds() function in our BookingManager contract using Chainlink Keepers because it is operated by the same pool of time-tested and reliable node operators which currently help secure tens of billions of dollars in DeFi. The proven infrastructure of Chainlink helps ensure that automated tasks are executed on time in a trust-minimized manner, giving users additional guarantees that our platform will function exactly as intended.
Swix delivers the returns of a high-yielding short-term rental portfolio to a decentralized community, allowing for the diversification of on-chain portfolios with real-world, stable yields.
By lease-owning all of the listed properties, Swix ensures higher quality stays and more attractive returns. The properties are hand-selected in the most desirable locations around the world to offer the highest interior quality and eco-efficiency standards. By issuing treasury-backed SWIX to platform users as tokenback, Swix is effectively distributing value-backed rewards to its users.
Swix uploads and verifies each lease on-chain, displaying it through a digital metalease that embeds the value and attributes of each property, from the booking calendar to a scanned copy of the real world property lease contract — accessible exclusively to SWIX token holders.
Swix is managed by industry professionals with years of experience in both residential property investment and blockchain ecosystems, from building to investing. This skillset is complemented by additional input from community contributors.
Chainlink Keepers is a decentralized service offered purpose-built to manage tasks on behalf of smart contracts. Chainlink Keepers serve as a decentralized, hyper-reliable, and economically incentivized automation bot that wakes up smart contracts when they need to perform critical on-chain functions, which usually take place at regular time intervals (e.g., every day at the same time) or based on external events (e.g., when an asset hits a specific price).
Swix is planning to extend the use of Chainlink Keepers across other functionalities related to system maintenance, such as cleaning up past bookings. Swix is also planning to leverage Chainlink Price Feeds to accept payments for stays and experiences using a selection of cryptocurrencies and provide accurate tokenback reward rates based on the current market price of SWIX. We are also looking into a custom integration aimed at bridging and exchanging Swix property booking data between off-chain external platforms and our on-chain system.
“Integrating the industry-leading smart contract automation solution allows us to focus on creating a high-quality homestay booking dApp with a vibrant treasury of real-world lease-owned properties.” — Stucco, Core Swixie.
About Chainlink
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
About Swix DAO
Swix is a global property rental business with a proprietary, homestay booking dApp
which allows users to book stays while earning monetary rewards through treasury-backed SWIX.
Swix DAO is sustained by its own algorithmic digital currency, SWIX, which is backed by a treasury of Reserve assets (Stablecoins, ETH) and the property premium value (Metaleases).
Swix is here to deliver a new concept of on-chain ownership of real-world assets, where holders of the SWIX token are granted access to a universe of beautiful properties located in prime locations all over the world, while earning juicy rewards. Our users will feel looked after and at home wherever they go thanks to Swix.
