Chainlink Keepers, a decentralized transaction automation service powered by Chainlink’s vast network of nodes, is now available on Polygon to improve the performance of decentralized applications or dApps.
Chainlink Keepers is now on Polygon
To make Web 3.0 ever more sophisticated, Chainlink Keepers, Chainlink’s secure off-chain infrastructure, introduces a new world of possibilities for Polygon-based dApps.
The integration will reportedly enable transaction automation services for smart contracts, allowing decentralized apps (dApps) to operate without the need for manual intervention or centralized infrastructure.
In practice, in the various DeFi domains such as lending protocols or DEXs, there are still some DevOps tasks that are done manually. For example, DEXs need limit orders to be triggered when prices cross certain thresholds.
Chainlink Keepers introduces smart contract automation services so that all these DevOps tasks are also automated, in a way that minimizes trust, is low cost and fully auditable.
Smart contract developers building on Polygon can now outsource their DevOps tasks to Chainlink Keepers, who act as highly reliable and trusted automation bots that perform regular smart contract maintenance tasks on their behalf.
Chainlink Keepers on Polygon and the reactions of the co-founders
Sandeep Nailwal, co-founder of Polygon, described the new integration as follows:
“The integration of Chainlink Keepers is a pivotal moment for the Polygon ecosystem as it simplifies both the developer and user experience and brings advanced utility to dapps. Developers can now save considerable time and money by outsourcing DevOps tasks to the most proven and reliable network of keepers while users benefit from more utility and automated features that no longer require their manual input”.
Sergey Nazarov, co-founder of Chainlink also commented:
“We’re excited to expand the suite of decentralized services available on the Polygon network to include Chainlink Keepers, empowering their developers to build next-generation hybrid smart contract applications that can take advantage of both the data delivery and off-chain computation capabilities of Chainlink. The secure off-chain computation of Chainlink Keepers enables development teams to decentralize their protocols end-to-end, as well as provides a framework to incorporate advanced utility that brings more value to their users”.
The pricing of the two crypto assets LINK and MATIC
Bitcoin (BTC) continued its bearish trend, hitting $59,000 yesterday afternoon, down from $66,000 last Monday.
Following this trend, almost all cryptocurrencies have dropped in price. Polygon (MATIC), which is in 22nd place by market capitalization, is now worth $1.54, after last week’s price of $1.74, a drop of almost 10% in just seven days.
LINK, on the other hand, in 19th position by market capitalization, has fallen from last week’s $35 to its current $28, marking a 20% drop in the last seven days.