PEAKDEFI is constantly striving to offer new products and services from which our DeFi community can benefit. Most recently, its new project, the PEAKDEFI Launchpad, came on the market. It’s a platform that allows users to gain early access to the latest blockchain projects.

HOW CHAINLINK HELPS PEAKDEFI

In order to help select launchpad winners, PEAKDEFI needed access to a secure random number generator (RNG) that any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation and ensure system integrity.

For instance, RNG solutions derived from blockchain data like block hashes can be exploited by miners/validators, while off-chain RNG solutions derived from off-chain APIs are opaque and don’t provide users with definitive proof of the integrity of the process.

After reviewing various solutions, PEAKDEFI selected Chainlink VRF. Because it is base on cutting-edge academic research. Supported by a time-tested oracle network, and secured through the generation and on-chain verification of cryptographic proofs that prove the integrity of each random number supplied to smart contracts.

Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof.

The PEAKDEFI smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can be generates if the VRF process is tamper-proof. This provides its users with automated and verifiable assurances directly on-chain that the randomness used to select winners is provably fair and was not tampered with by the oracle, outside entities, or the PEAKDEFI team.

Moreover, Chainlink Keepers are a decentralized service purpose-built to manage tasks on behalf of smart contracts. In addition, Chainlink Keepers serve as a decentralized, hyper-reliable, and economically incentivized automation bot. Wakes up smart contracts when they need to perform critical on-chain functions.

Furthermore, Chainlink Keepers enables PEAKDEFI to automatically distribute allocations to winners in a decentralized manner. Saving valuable developer resources and helping avoid the risks of using a centralized automation solution.

ABOUT PEAKDEFI

PEAKDEFI is a self-funded project that brings promising projects to the DeFi community. It started in 2020 and has since established itself as an ecosystem powered by various DeFi dapps. Furthermore, the ecosystem consists of a decentralized Launchpad to maximize profits through new projects, a DeFi Fund. Automatically helps investors achieve the best investment performance. Through smart contracts and an efficient, multichain DeFi wallet for iOS and Android. Provides users with direct access to a fast app browser and staking features, all in one mobile app.

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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. Leverage secure off-chain computations for enabling feature-rich applications.

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What is PEAKDEFI?

PEAKDEFI is a self-funded project that provides independent finance for their community. Since then, they have gone on to launch several products designed to make navigating the world of asset management easier.

While they continue to grow, PEAKDEFI is continuing to roll out new products and services, the latest of which, PEAKDEFI Launchpad. It is a platform that allows users to gain early access to the latest Decentralised Finance (DeFi) projects.

PARTNERSHIP HIGHLIGHTS

As an official partner, PEAKDEFI will promote its brand across the Club’s ever-growing channels as well as educate Hammers fans about investment opportunities.

“We are thrilled to welcome PEAKDEFI on board as our new Official Decentralised Asset Management partner. As the DeFi space continues to grow, we are keen to ensure West Ham remains at the forefront of technological innovation. Partnering with brands like PEAKDEFI allows us to do just that and share that innovation with our fanbase.” — Nathan Thompson, Chief Commercial Officer at West Ham United

“We are proud to be partnering with West Ham United. Look forward to engaging with the club’s global fanbase, and we hope to showcase the power of Decentralised Finance to the club’s community. We are looking forward to an amazing long-term relationship with the Club as we look to shape the future of DeFi—Sergej Heck, Co-Founder and CEO of PEAKDEFI

Additionally, PEAK is the utility token of the PEAKDEFI ecosystem. It has actual six applications and burning features. It runs on BNB-Chain as well as in Ethereum networks. As a result, you can use the token within the ecosystem. Get a higher allocation at the launchpad, and more commissions as an affiliate. Trading opportunities as a fund manager. More staking rewards, and protection on deposits, as well as more voting rights on governance.

ABOUT PEAKDEFI
PEAKDEFI is a crypto ecosystem, that consists of the PEAKDEFI Ethereum App. The decentralized PEAKDEFI platform as well as its education platform MarketPeak.

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