One of the first ten projects to join Chainlink BUILD last November is Cask, a decentralized noncustodial protocol that uses Chainlink Price Feeds and Automation (formerly Keepers) to power automated money flows for the growing web3 ecosystem. Cask co-founder Matt Brickley told Chainlink Today that by working more closely with Chainlink engineers, Cask aims to accelerate the development of noncustodial methods for funding recurring transactions in web3 that achieve the user experience of traditional finance.
“In TradFi, we’ve come to rely on being able to easily subscribe to services, auto-invest, schedule peer-to-peer payments, and more,” he explained. “In web3, these types of transactions have been cumbersome to set up for developers. And for web3 users, they have relied on making manual transactions, which are inconvenient and, as a result, frequently forgotten.”
Last week, Cask launched a new form of web3 money flow automation called Chainlink Top-Ups to support projects utilizing two core Chainlink services: Chainlink VRF and Automation. Because projects pay for Chainlink services with the network’s native LINK token, funding seamless operation requires maintaining the necessary balance of LINK. Top-Ups automatically replenishes a project’s balance when it drops below a predefined threshold and deposits payment for the Chainlink service.
This boosts projects’ security, reliability, and efficiency by eliminating the need to manually monitor balances and deposits. Top-Ups is currently live on Arbitrum, Avalanche, BNB Chain, and Polygon, and can be expanded as Chainlink launches services on other EVM chains in the future.
Brickley told Chainlink Today that BUILD played an integral role in launching Top-Ups.
“As members of BUILD, our network has grown dramatically over the past few months,” he said. “The introductions to other projects by the Chainlink team have been amazing for getting users to test and provide feedback on our automations, such as the Chainlink Top-Ups flow. It has also opened new doors and opportunities for collaboration with Chainlink users on other automations that may be introduced to the Chainlink community in the future.”
Cask initially built the Top-Ups flow to automate its own protocol in a way that reduces downtime risks. “After conversations with the Chainlink team and builders at Chainlink’s SmartCon, it was clear that others also wanted the same convenience and security offered by Cask’s automations,” Brickley explained.
He said implementing Top-Ups takes minutes and provides the most peace of mind to projects that need to frequently monitor their token balances due to heavy use or unexpected swings in usage.
“Both Automation and VRF are becoming key building blocks for many projects, and Cask’s solution is quick and easy to implement, and scalable for projects of all sizes,” Brickley explained. Furthermore, as the Chainlink Network grows, he said Top-Ups can expand to immediately support additional services Chainlink releases in the future.