Transactional service Chainlink Keepers goes live on the Polygon network 🚨 This article is 3 years old...
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Transactional service Chainlink Keepers goes live on the Polygon network
The integration will enable transaction automation services for smart contracts, allowing decentralized apps (dapps) to operate without the need for manual intervention or centralized infrastructure.
2 min read
Updated: Nov. 19, 2021 at 1:20 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Chainlink Keepers, a decentralized transaction automation service powered by Chainlink’s vast node network, is now live on Polygon.
Automating dApp services
The integration will enable transaction automation services for smart contracts, allowing decentralized apps (dApps) to operate without the need for manual intervention or centralized infrastructure.
One critical yet overlooked aspect of dapp development is transaction automation services for smart contracts.
For example, money markets need undercollateralized loans to be continually marked for liquidation, yield aggregators need yield to be harvested at regular time intervals, and DEXes need limit orders to be triggered when prices cross certain thresholds. None of these processes can run in an automated manner directly on-chain but require off-chain infrastructure.
Instead of these DevOps tasks being performed manually or through a centralized process, Chainlink Keepers introduces smart contract automation services in a trust-minimized, low-cost, and fully verifiable manner.
Chainlink leverages a decentralized and transparent pool of Keepers to help provide strong guarantees around secure contract automation, saving teams time and mitigating the risks around manual interventions or centralized servers.
“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,” explained Sandeep Nailwal, Co-Founder of Polygon, in a statement.
How Chainlink Keepers help
Smart contract developers building on Polygon can now outsource their DevOps tasks to Chainlink Keepers, serving as highly reliable and trust-minimized automation bots that perform regular smart contract maintenance tasks on their behalf.
Powered by the same Chainlink node operators that currently secure tens of billions of dollars across other Chainlink services, Chainlink Keepers provides high uptime with an established on-chain performance history of providing high reliability to Chainlink Price Feeds during extreme network congestion and market volatility.
Chainlink Keepers also leverages gas-optimizing features that lower the costs of automating maintenance tasks for users, including a rotating node selection process to prevent gas price auction wars and stabilize costs.
The end result is Polygon developers being able to increase the uptime guarantees of their smart contract operations, save on development costs, shorten go-to-market time, add advanced utility to existing dApps, and simplify the user experience.
