Chainlink Keepers is a decentralized service, run by the same oracle network securing tens of billions of dollars in decentralized finance (DeFi), which allows developers to reliably automate regular smart contract triggers for a range of essential time- and event-based functions that would otherwise need to be performed manually.
In order to save the time and cost associated with manually performing these tasks, a variety of DeFi protocols are integrating Chainlink Keepers as hyper-reliable, industry-standard infrastructure that improves their users’ experience through enhanced speed, efficiency, and functionality.
Last week, 0bOptions, an automated prediction market on Polygon, became one of the latest DeFi protocols to integrate Chainlink Keepers. The integration will allow 0bOptions to securely and cost-efficiently automate its five-minute prediction rounds.
“Chainlink Keepers enables us to have a decentralized, transparent, and efficient process to execute our rounds every five minutes,” said 0bOptions team member Gianni-Alessandro Ngamy. “Previously, we used a more centralized process, which didn’t guarantee the execution and efficiency of rounds every five minutes.”
Ngamy said Keepers allows the 0bOptions dApp to reference the most accurate price data at the end of each round. “This way, our users will be sure the round they engaged in is being executed with extreme precision,” he said.
He believes the rise of new Chainlink-powered DeFi protocols like 0bOptions creates important opportunities for both well-versed DeFi users and newcomers around the globe.
“0bOptions, like most DeFi protocols, is inclusive, easy-to-use, and available everywhere, as long as users have access to the internet and their crypto wallet,” he said. “We firmly believe that DeFi protocols will serve a great purpose in areas with restricted financial opportunities.”