Developers can now take advantage of the excellent smart contract automation technology to make their DApps (decentralized applications) more scalable. Good news from the team behind Polygon (MATIC). In essence, developers will be able to rely on a more direct technique that will save them time. This is Chainlink’s Keepers technique which, despite its many features, is not yet unanimous.
Smart contract automation becomes more direct
Polygon provides guidelines for automate the smart contracts . Indeed, the solution recommended by the Polygon team to developers is quite straightforward. They must use the Chainlink Keepers Technique to achieve this automation. This will save them time while providing more advanced functionality to their DeFi dApps.
Logically, the smart contracts cannot go off on their own. To solve this problem, manual and centralized solutions are used. However, this technique has the disadvantage that it exposes smart contracts to security and reliability risks.
To circumvent this technical challenge, several DeFi protocols entrust the automation of their smart contracts to external decentralized solutions. This is precisely the role of Chainlink Keepers. This technology is a set of decentralized automation bots constantly analyzed, tested and approved by professionals.
On a daily basis, Keepers monitor on-chain transactions and look for conditions that can cause a smart contract to trigger. When these conditions are observed, they take care of the automatic triggering.
New features for developers on Polygon
Two main functions are available to developers:
- CheckUpkeep which will be the trigger;
- PerformUpkeep which will play the role of executable.
Job Scheduler, or Task Scheduler, is another automation tool making its way to Chainlink Keepers. It allows you to automate the behavior of your smart contracts without writing any code, and in seconds. This is an addition that non-developers will greatly appreciate.
For developers, integrating Chainlink Keepers on their Polygon dAPPs is advantageous. Indeed, it would allow them automate payments to liquidity providers for impermanent losses incurred.
The developers of Civilization (CIV) for example integrated the Keepers to enable order limits. It saved them up to $250,000 a year and three months of development time. All while providing improved availability and enabling on-chain monitoring.
SIREN (SI) also uses Chainlink Keepers to help secure prices and to automate settlements for its options markets. Chainlink Price Feed has also been used to achieve this. Finally, there are many ways to use Chainlink Keepers to grow your DeFi DApps with Polygon.
Conclusion
Ultimately, Polygon strikes a blow with its new terms for automating smart contracts. Despite the apparent flaws, the Chainlink Keeper network is decentralized, which helps boost its reliability. Similarly, it should be remembered that all calculations are done off-chain. An approach that saves on transaction fees and motivates developers to create more features for DApps. Because remember, tasks such as automated trading and transaction limits require automation. Keepers are therefore the ideal technique to do this on Polygon.
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