Today, ApeSwap, a DeFi platform offering a full suit of tools to explore and engage with the future of wealth building, has announced their integration of Chainlink Keepers on BNB Chain. Keepers will help ApeSwap to automatically compound vault rewards in a highly secure and cost-efficient way, enhancing the decentralized nature and reliability of their DeFi platform.
The ApeSwap DeFi platform is overseen by the ApeSwap Decentralized Autonomous Organization (DAO), and allows the ApeSwap community and partners to tap into next-generation financial innovation through their decentralized exchange, utility token staking, premium launchpad, lending network, and NFT marketplace.
Chainlink is known for battle tested infrastructure that helps ensure security and transparency, and currently secures tens of billions of dollars in smart contracts.
“Chainlink Keepers are the most reliable smart contract automation solution in the DeFi space,” said Apetastic, co-founder of ApeSwap. “By integrating Chainlink Keepers into our DeFi platform, we’re able to make our vault compounding more reliable, cost-efficient, and decentralized.”
ApeSwap published a blog post around the integration, and highlighted how Chainlink Keepers will be used regarding BANANA Maximizers:
“ApeSwap features novel BANANA Maximizers, a unique product offering members auto-compounding yield in the BANANA utility token for staking Liquidity Provider tokens (APE-LP) in our protocol. When our community stakes their Liquidity Provider tokens in one of the 20 vaults launching in the coming weeks, Chainlink Keepers help ensure BANANA tokens are auto-compounded into the high-yield BANANA-BANANA Maximizer.” — ApeSwap Blog
Chainlink Keepers are a decentralized and reliable smart contract automation service. The goal of the service is to help products go to market faster and save gas by offloading expensive on-chain automation logic to the Keepers network. Chainlink Keepers are automation bots that can “wake up” smart contracts when they need to perform critical on-chain tasks based on regular time intervals or external events.
This week has already seen several projects announcing their integration of Chainlink services. Yesterday, MEXC Global, a digital assets trading platform with over 7 million users announced that it will integrate Chainlink Price Feeds to help secure its OTC markets.
This morning, Joepegs, an NFT marketplace built by Trader Joe on Avalanche, announced their integration of Chainlink VRF to help power fair batch reveals in their NFT launchpad, LaunchPEG, which looks to support the expanding Avalanche NFT ecosystem.
