Horizon Protocol Decentralizes Token Monetary Policy with Chainlink Automation. Hey, HZNation.
31 May 2023, 17:52
💥Horizon Protocol Decentralizes Token Monetary Policy with Chainlink Automation💥
👋Hey, HZNation!
🔥Today, we are excited to share an important update: The successful decentralization of our weekly minting process through the integration of Chainlink Automation! By further leveraging Chainlink Automation, we have taken another significant step toward mitigating centralized points of failure. The weekly token minting process is a pivotal component that governs our token's monetary policy and reward distribution system. With Chainlink Automation, we can now ensure the consistent decentralized execution of this process, bolstering the stability, security, and integrity of our rewards system.
📚For those who may not be familiar, Chainlink Automation enables conditional execution of smart contracts functions through a hyper-reliable and decentralized automation platform that uses the same external network of node operators that secures billions in value. Chainlink Automation helps projects get to market faster by reducing setup costs, ongoing maintenance, and risks associated with a centralized automation stack.
🌟Previous integrations, such as the decentralized automation of the closure of the weekly fee period, have been instrumental in fortifying the robustness of our ecosystem. Each integration is carefully evaluated to ensure it aligns with our vision of achieving a truly decentralized autonomous protocol and providing the best user experience possible for the HZNation.
👉 If you wish to view the new Chainlink Automation integration, please follow this link.
💬 We would like to thank everyone for your valued feedback and for reporting any issues you may find. Your feedback is vital for this project! If you encounter any issues or have any further feedback, please don’t hesitate to reach out to us. You can do so by replying to this message, or by DMing one of our CMs: @fixedbug and @trihard.
❤️We remain committed to optimizing and enhancing our protocol to deliver an exceptional experience for our valued community members. Your support and engagement are instrumental as we collectively build a robust and rewarding ecosystem. Thank you for your continued trust and participation in Horizon Protocol!