Hakka Intelligence Integrates Chainlink Keepers To Decentralize The Automation Of Its Prediction Market
We’re excited to announce that Hakka Intelligence — the novel prediction market developed by Hakka Finance — has integrated Chainlink Keepers live on BNB Chain. For this round of predictions, Hakka Intelligence will be leveraging Chainlink Keepers to securely and cost-efficiently automate the calculation of users’ price predictions!
Users will be rewarded according to their prediction accuracy!
We decided to decentralize the automation of Hakka Intelligence’s price prediction 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 price predictions are executed on time in a trust-minimized manner.
How Chainlink Keepers Support Hakka Intelligence
Previously, making price predictions on Hakka Intelligence was a manual and suboptimal process. For instance, users needed to remember reveal periods and log in on time to interact with the contract and measure the accuracy of their predictions. Otherwise, users would lose all of their bets, which is frustrating. Thanks to Chainlink Keepers, price predictions are now updated automatically in a timely manner, helping streamline the user experience.
Chainlink Keepers is a decentralized service purpose-built to manage tasks on behalf of smart contracts. Chainlink Keepers serve as a decentralized, hyper-reliable, and economically incentivized automation bot that wakes 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.
In the future, Hakka Finance is exploring more ways to automate its protocol with Chainlink Keepers, as well as identifying other ways to integrate Chainlink trust-minimized services to enhance its offerings.
“We integrated Chainlink Keepers because they are the most reliable smart contract automation service, helping improve our platform’s user experience as they abstract away the complexity of the originally manual, inefficient prediction process.”
— Hakka Finance Team.
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.
About Hakka Finance & Hakka Intelligence
Hakka Finance is a set of decentralized finance (DeFi) applications, which form an all-inclusive ecosystem of tools that allow users to pursue financial sovereignty. These applications are administered and governed by a homonymous governance token, which goes by the ticker of HAKKA.
Hakka Intelligence, one of those applications, is a price prediction platform where users can provide a combination of asset prices. Participants must predict the position change of each asset after a period of time to win a reward based on the accuracy of their prediction.