MakerDAO Integrates Chainlink Automation

Twitter icon  •  Published hace 1 año  •  Hassan Maishera

Chainlink announced via Twitter on Thursday that MakerDAO, the longest-standing DeFi lending protocol and creator of DAI, has successfully onboarded Chainlink Automation as part of its Keeper Network.

Chainlink announced via Twitter on Thursday that MakerDAO, the longest-standing DeFi lending protocol and creator of DAI, has successfully onboarded Chainlink Automation as part of its Keeper Network. The Keeper Network is an automated system that runs specific executions associated with the Maker Protocol, such as price and debt ceiling updates. The addition of Chainlink's decentralized oracle framework to MakerDAO's technology stack further stabilizes the DAI ecosystem by adding more external parties to network verification and maintenance processes, the MakerDAO team added. 

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is up by 1% over the past 24 hours and is trading at $7.003 at press time.

MakerDAO is a Decentralized Finance (DeFi) project with a crypto-collateralized, stablecoin DAI pegged to the US dollar. Its community manages the coin via a Decentralized Autonomous Organization (DAO). MKR is trading at $718, down by more than 3% in the last 24 hours.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.