LaProp Integrates Chainlink Keepers to Automatically Distribute Rent Payments

We’re excited to announce that LaProp — a tokenized real estate platform specifically designed for Latin America — has integrated Chainlink Keepers live on the BNB Chain mainnet. We are leveraging Chainlink Keepers to securely and cost-efficiently automate rental payouts to token holders.

We decided to decentralize LaProp’s rent distribution function using Chainlink Keepers because it is operated by the same pool of time-tested, provably reliable node operators that currently help secure tens of billions of dollars in DeFi, even during record levels of network congestion and extreme volatility. The proven infrastructure of Chainlink helps ensure that every rent payout is executed on time in a trust-minimized manner, giving users additional guarantees that it will function exactly as intended.

Real estate has been inaccessible to many investors because of its illiquidity and high capital requirements. By tokenizing real estate investments, LaProp is helping democratize the asset class, making it accessible to every investor. On LaProp’s real estate platform, you can browse various properties and find one that you’d like to invest in. When viewing a property, you can see its address, pictures, financial documentation, and information about the neighborhood and city it’s in. With a few clicks, you can buy a token for that property that gives you the rights to a fractionalized share of the rent.

LaProp’s rental payout distribution requires rent paid by tenants to be sent to the multiple token holders of the property, which occurs either weekly or monthly, depending on the property. Chainlink Keepers enables us to automate rental distributions in a highly reliable, cost-efficient, and secure manner.

Chainlink Keepers is a decentralized automation service purpose-built to manage tasks on behalf of smart contracts. Chainlink Keepers serve as hyper-reliable, economically incentivized automation bots that wake 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).

Some of the notable features of Chainlink Keepers include:

• Decentralized Execution — Chainlink Keepers provide reliable, trust-minimized automation with no single point of failure, mitigating risks around manual processes and centralized servers.
• Increased Efficiency — Projects that use Chainlink Keepers are able to reduce time spent on DevOps, minimize operational overhead, and streamline development workflows.
• Enhanced Security — Chainlink Keepers sign on-chain transactions themselves, enabling automated smart contract execution without exposing private keys.
• Reduced Costs — Chainlink Keepers perform efficient off-chain computation for smart contracts, allowing developers to build feature-rich dApps at lower costs.

LaProp is currently building multichain infrastructure and will launch a real estate data service that incorporates Chainlink Price Feeds.

“With the help of Chainlink trust-minimized services, we’re excited to democratize the property asset class by making it accessible to investors who were previously kept out of the market due to high capital requirements. We selected Chainlink Keepers to help automate our rental payout feature because they’re the most reliable, robust, and decentralized automation solution available.” — Alejandro Jaramillo, CEO

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.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About LaProp

Real estate has always been a great investment but it is not accessible to all because of its high capital requirements and illiquid nature. LaProp changes that and finally democratizes real estate; LaProp is a tokenized real estate investing platform made for the crypto ecosystem.

Tokenized real estate is real estate that has been tokenized and can therefore be represented as a digital asset on the blockchain. For example, you can tokenize the economic proceeds of a property, ownership of the property via an LLC, or even distribute the right to live in a property. Tokenized real estate is a form of fractional ownership via the blockchain.
Visit LaProp Homepage to learn more about LaProp or join LaProp’s official Discord.