This program provides RoboVault with enhanced access to technical expertise, Chainlink services, and community support, enabling us to build more safe and reliable advanced automated yield strategies, while expanding our user base. In return, RoboVault will be providing network fees and other rewards to Chainlink service providers, including stakers, in accordance with Chainlink Economics 2.0. As RoboVault Joins Chainlink BUIDL.

Why They Joined Chainlink BUILD

RoboVault joined Chainlink BUILD to maximize the benefits of security and reliability that Chainlink Automation and other Chainlink services provide. As part of BUILD, they will receive key benefits. Including access to new Chainlink product alpha and beta releases and dedicated technical support from the Chainlink ecosystem.

“Chainlink BUILD enables us to access the infrastructure, technical expertise, and community support needed to build an advanced DeFi yield platform and gain wide adoption. With cutting-edge tools and a powerful community behind us, we can focus on building advanced automated yield strategies and an easy-to-use platform that brings more users to the DeFi economy.” — Matt Smart, CEO / Co-Founder

RoboVault has planned to commit 3% of the total token supply of the RoboVault token. Or similar economic incentives generated by RoboVault if no token is launched, as an incentive to the Chainlink community, including stakers.

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About Chainlink

Chainlink is the industry-standard Web3 services platform. That has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network. Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data. And off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Website | Twitter

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About RoboVault

RoboVault’s goal is to become a market leader in the development of advanced automated strategies allowing DeFi users to earn on their assets. Through advanced automation & risk management tools RoboVault is able to execute advanced Pseudo Delta Neutral strategies on-chain, benefiting users’ Crypto Assets in a safe and competitive manner.

Website | Twitter

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SOURCE: MEDIUM

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Keepers services are the backbone of RoboVaults delta-neutral strategies, providing the reliable and timely automation services needed to help ensure that debt and leverage positions are always in line with their strategy criteria and are appropriately positioned to maximize yields and minimize exposure to market movements. And now announcing RoboVault upgrades to Chainlink Keepers.

They chose to upgrade to Chainlink Keepers because they have the most secure model and reliable functionality. Moreover, RoboVault has already integrated Chainlink Price Feeds — the industry-standard solution for accessing decentralized price data, currently helping secure tens of billions of dollars in DeFi value — as a critical component in helping calculate yield strategies for rVaults in all market conditions.

Keepers solutions are critically important to the security and reliability of RoboVaults strategies. Many strategies employ collateralized borrowing to create an LP position in order to maximize yield on single assets, with specific parameters on how much outstanding debt can be employed and a threshold on debt-to-collateral ratios based on the price fluctuations of the underlying assets. When prices move, RoboVaults delta-neutral strategies must rebalance assets just as quickly to maintain a position that has minimal exposure to market movements and avoid any potential liquidations on borrowed positions.

Chainlink Keepers Features

• Decentralized Execution 
• Increased Efficiency 
• Enhanced Security
• Reduced Costs

“Keepers solutions play a larger role in RoboVault compared to many other DeFi protocols. While some might get away with using in-house solutions or less-reliable services because the underlying use cases are less stringent, rVaults require the best automation service in the industry, which is clearly, in our minds, Chainlink Keepers.” — the RoboVault team.

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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. Moreover, 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.

Website | Twitter

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About RoboVault

RoboVault has developed a number of single-asset pseudo-delta neutral strategies in which users deposit tokens such as USDC, WBTC & WETH. The strategies are tied to the specific vault. It will automatically create an LP position. Furthermore, it utilizes either lending protocols or funds from other RoboVault strategies.

Website | Twitter

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SOURCE

https://medium.com/@RoboVault/robovault-upgrades-to-chainlink-keepers-to-support-defi-vault-automation-5067a8280566

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