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bZx Integrates Chainlink Keepers In Essential Step On The Path Of Constant Innovation

As DeFi protocols rapidly and substantially grow their TVL, automating important smart contract functions, like accurately triggering liquidations, becomes even more vital. Chainlink Keepers, which went live on mainnet during SmartCon #1, is a decentralized service that allows developers to reliably automate regular smart contract triggers, saving time and resources while minimizing the risks associated with manually/centrally performed operations. 

DeFi protocols that have successfully integrated Chainlink Price Feeds are now integrating Chainlink Keepers to enhance their functionality without compromising security or transparency. Since integrating Chainlink Price Feeds across multiple chains, secure non-custodial DeFi protocol bZx announced this week that it’s integrating Chainlink Keepers to increase the reliability of its liquidation mechanism and boost protection for both lenders and borrowers. 

bZx’s core products include Fulcrum, a DeFi margin trading and lending platform, and Torque, a tool for borrowing assets with indefinite-term loans and fixed interest rates. In an official announcement, bZx CEO Tom Bean said, “Adding Chainlink Keepers empowers us to create a more robust mechanism for liquidations to ensure continued solvency of the protocol, ultimately creating a more secure and reliable user experience.”

Following bZx’s successful integration of Chainlink Price Feeds on Ethereum, Binance Smart Chain and Polygon, Bean described integrating Chainlink Keepers as a natural next step. “Whether it’s Chainlink Price Feeds or Keepers, our team has been impressed with Chainlink’s extensive track record of reliability and how easy their solutions are to integrate.” 

Angelo Adam, bZx’s marketing director, said Chainlink Keepers is a key differentiator. “We understand the demand for improving liquidations, and with Chainlink Keepers we will be able to take another step in becoming the best decentralized margin trading platform available,” he told Chainlink Today. 

At the beginning of August, bZx announced it will begin converting to a fully decentralized autonomous organization (DAO) along with a rebrand. Adam said bZx’s move toward decentralization is aligned with its commitment to securing its protocol with innovative decentralized services like Chainlink Keepers, emphasizing, “bZx is constantly innovating in order to remain on the cutting edge of blockchain technology.”

To learn more about bZx, visit their website, Twitter, Telegram and Discord.

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