News

Chainlink Automation Is Now Live On Layer-2 Optimism

Key Points:

Chainlink Automation has been integrated into Optimism to reliably trigger key smart contract functions on the Layer-2.
The automation solution helps developers to grow by allowing them to do DevOps maintenance activities.
Developers may use the service to safely and cost-effectively monitor automation logic off-chain.

Chainlink, an Oracle service provider, introduced Chainlink Automation on Layer-2 Optimism.

Chainlink Automation allows developers to grow by offering them the capacity to do DevOps maintenance activities, similar to how Optimism lets DeFi developers smoothly scale their applications. As a result, developers will be able to create more powerful dApps, bringing more consumers to the Optimist ecosystem.

dApp developers can integrate Chainlink Automation into their projects, monitor smart contracts using the decentralized node network, and then use Chainlink’s transaction management Execution of functions by the controller to achieve the reliability and high-performance automation required to build advanced dApps.

BarnBridge, DeFiEdge, Lyra, and Pickle Finance are among the projects that have already integrated Chainlink Automation to activate crucial smart contract processes on Premise.

Smit Vachhani, OP Labs’ Head of DeFi Partnerships, stated:

“With the native integration of Chainlink Automation’s smart contract automation service, developers can build advanced features and unlock new use cases that help grow the Optimism ecosystem.”

Developers may also utilize Chainlink Automation to safely and cost-effectively monitor automation logic off-chain and then launch an on-chain transaction to perform the smart contract function when predetermined criteria are satisfied.

Optimism implemented the market-leading Chainlink Price Feeds in September 2021, which aided in the company’s quick expansion. Via Chainlink Automation, the same decentralized network of time-tested node operators that currently helps safeguard billions of dollars through Chainlink Price Feeds, also provides Optimism developers with extremely performant smart contract automation.

Chainlink is the leading blockchain industry service provider. GMX, the largest decentralized perpetual exchange operating on Arbitrum and Avalanche, announced it would be a launch partner for Chainlink’s low-latency oracles.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.