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- Chainlink Automation has joined the MakerDAO Keeper Network.
- DAO members approved the integration after a vote.
- Chainlink Automation will adjust pricing, raise debt ceilings, and maintain stable cash flow for D3M.
According to a joint announcement from Chainlink and MakerDAO on February ninth, the oracle service, Chainlink Automation, will be integrated into Maker’s Keeper Network. The Maker Protocol relies on the Keeper system, an automated mechanism responsible for updating the debt ceiling and prices. It is anticipated that by including Chainlink’s oracle, performance and stability would improve.
Regarding the development, Nadia Alvarez, MakerDAO’s Growth Core Unit member, stated that Chainlink’s distributed oracle architecture would help solidify the Keeper Network’s key role in maintaining DAI.
Furthermore, Alvarez stated:
This network of automated bots perform essential tasks to maintain the Maker protocol and will be greatly expanded through the integration with Chainlink’s renowned, hyper-reliable automation platform
Chainlink Automation is the most recent third-party protocol to be added to the technology stack of the DAI stablecoin. Its…
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