HORDE Integration with Chainlink Keepers, HORDE can automate fee collection in the LMS in a secure and reliable manner.
Chainlink is the industry-standard decentralized oracle network that connects blockchains to real-world data and systems, allowing for the creation of fully-featured smart contracts. They are used by a multitude of Web2 and Web3 projects due to its battle-tested infrastructure and high standard of security. As HORDE announced its integration with Chainlink Keepers.
Chainlink Keepers is a decentralized automation service that enables developers to automate any smart contract function. With Chainlink Keepers integrated into the LMS smart contract, the fees from LMS projects can be automatically sent from the respective projects to HORDE’s multisig wallet, making the fee collection process automatic, cost-efficient, and scalable.
They chose Chainlink Keepers because it provides several key advantages, including:
- Decentralized Execution
- Increased Efficiency
- Enhanced Security
- Reduced Costs
What is HORDE LMS?
The most significant feature of HORDE has been its Liquidity Manager (LM). The LM works to keep the price of the HORDE token in a predefined range, which has a dual purpose. It primarily keeps rewards values consistent so users’ rewards may hold their value over time. The LM also aims to prevent market volatility.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Their oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
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