Flurry Finance Integrates Chainlink Keepers on Polygon to Automate rhoToken Rewards
Flurry Finance is excited to announce that we have integrated Chainlink Keepers on Polygon to automate the rebasing mechanism of rhoTokens with support from a decentralized, hyper-reliable system. ChainLink Keepers use secure, low-cost off-chain computation to determine when predefined conditions are met, helping trigger rebases in a timely and gas-efficient manner.
Chainlink recently launched its Keepers service on the Polygon network and it has proven to be the leading automation service in that time. By integrating Chainlink Keepers, rhoToken users on Polygon have strong assurances that the yield generated from rhoTokens is triggered and distributed accurately and on-time.
Learn more about Chainlink Keepers by viewing the developer documentation: https://docs.chain.link/docs/chainlink-keepers/introduction/
How Do Chainlink Keepers Automate rhoToken Rewards?
- During the yield farming process, reward tokens can be earned from Polygon DeFi protocols.
- Chainlink Keepers automatically swap reward tokens to rhoTokens before each daily rebase.
- The rewards are distributed to rhoToken users with each daily rebase.
- The process is completely automated thanks to Chainlink Keepers.
“We have successfully deployed Chainlink Keepers on Polygon across all of our implementations of rhoTokens. We know from experience that Chainlink Keepers is the best and most secure smart contract automation service in the industry. Ultimately, automation is the key in the long run as it enables decentralized applications to seamlessly scale to support more users.” — Mr. Ting, CEO of Flurry Finance.
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 Flurry Finance
FLURRY is a DeFi protocol offering yield aggregation with rhoTokens, which is pegged 1:1 to its underlying stablecoin. It automatically farms for yields without locking up funds or interest earned by diversifying DeFi product risk, resulting in lower gas fees.
We automate the tedious task of locking/unlocking and switching in and out of DeFi products on different chains to generate yield. Current yield aggregators are limited to Ethereum based products or work on a single chain, whereas FLURRY aims to work cross-chain to look for the best yield after cost on different chains.
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