SOFA.org Integrates Chainlink Automation and Functions To Help Power Its Asset Settlement Framework

We’re excited to announce that SOFA.org— a non-profit DAO dedicated to developing a comprehensive asset settlement framework onchain — has integrated Chainlink Functions and Chainlink Automation, the industry-standard serverless Web3 developer platform and smart contract automation service, on Arbitrum mainnet. Specifically, SOFA.org is leveraging Chainlink Functions to provide smart contracts access to trust-minimized compute infrastructure, allowing us to fetch data from APIs, and Automation to seamlessly trigger smart contracts, ensuring efficient and reliable operations.

SOFA.org is addressing key issues in the DeFi space by focusing on the principles of trustlessness and immutability for its onchain asset settlement platform. By promoting these values, we aim to build a more resilient financial infrastructure. Our initiatives, such as Risk Tokenization, allow for the onchain recording of important financial instrument parameters, ensuring assets can be securely settled onchain. We are also working to create a decentralized clearing foundation that enhances capital liquidity, transparency, and security. Our goal is to build a DeFi ecosystem that is both responsible and stable, grounded in the values of trustless decentralization and designed for long-term growth.

We selected Chainlink Functions because its serverless developer features enable us to connect to and transform data in a highly efficient, reliable, and decentralized manner. Functions not only provides a seamless environment and robust toolkit to build, test, simulate, and run custom JavaScript logic offchain, but it also enables us to easily connect to vast Web2 datasets, any public or private API, and legacy systems. With Chainlink Functions, we can fetch real-time data from APIs and perform custom computations directly within smart contracts, ensuring that the critical financial parameters recorded onchain are accurate and up-to-date.

Some standout features of Chainlink Functions include:

• Extensive connectivity — Chainlink Functions enables us to connect our smart contracts to any data source, including public or password-protected APIs, IoT devices, enterprise systems, and much more.
• Customizable, trust-minimized computation — Chainlink Functions aggregates and transforms data using highly scalable and customizable serverless runtime environments run by Chainlink decentralized oracle networks (DONs).
• Industry-leading security — Chainlink Functions is built on top of Chainlink’s time-tested decentralized infrastructure, which has a proven track record of helping enable more than 10 trillion dollars in value for leading blockchain-based protocols.
• Self-service in minutes — Chainlink Functions offers developers the ability to get started in minutes by providing a serverless developer solution with a full suite of developer tools, including easy-to-use starter kits, a CLI, and a world-class debugging environment.
• Serverless runtime — Chainlink Functions enables us to abstract away infrastructural complexities by running JavaScript code in a serverless manner, giving our team the ability to focus less on infrastructure and more on building out our core application.

Chainlink Automation is operated by a 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. Chainlink Automation enhances our system by enabling the seamless execution of smart contracts without manual intervention. Automated triggers ensure that smart contracts are executed exactly when needed, maintaining the integrity and reliability of our decentralized clearing. This allows us to provide a more robust, transparent, and secure environment for all participants.

Some of the notable features of Chainlink Automation include:

• Highly reliable, performant, and decentralized automation — Chainlink Automation ensures transactions are identified and confirmed quickly even during periods of heavy network congestion by leveraging Chainlink’s battle-tested transaction manager.
• Time-tested and cost-effective infrastructure — Chainlink Automation enables projects to eliminate in-house automation infrastructure costs, reduce resources spent on DevOps, and increase speed and efficiency. Users can offload their expensive onchain computation offchain to Chainlink Automation’s decentralized oracle network, with a significant reduction in gas costs, while maintaining the same strong cryptographic guarantees.
• Built to enable faster scaling — Chainlink Automation enables us to scale faster and avoid the challenges that come with building and maintaining the infrastructure needed to reliably automate across multiple chains.
• Unlocks new use cases — With smart contract automation, verifiable compute, and a broad set of triggers , we’re able to explore new use cases and unlock capabilities that would otherwise not have been possible.

“We are excited to integrate Chainlink Automation and Functions into SOFA.org’s asset settlement framework. These industry-standard services provide the critical infrastructure we need to help ensure our protocol operates with the highest levels of reliability and efficiency. This Chainlink integration marks a significant step forward in our mission to build a robust, decentralized financial ecosystem that prioritizes transparency, security, and long-term stability.” — Augustine Fan, Co-Founder at SOFA.org

About SOFA.org

SOFA is a 100% fair-launch protocol built by institutional veterans to define a digital standard for settling assets on-chain. Our use-case journey begins with crypto structure products, providing an open marketplace where users can customize their payoffs and generate yield against external market makers 24/7. Executed assets are atomically settled in our innovative ERC-1155 vaults, effectively eliminating all credit risks and back office operations in one go.

We are committed in our long-term vision towards a decentralized clearing solution, capable of handling native digital settlements and tokenization workflows in a scalable and transparent manner.

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