Chainlink today revealed the integration of Chainlink Automation with Optimism, offering a groundbreaking solution for developers in the decentralized finance (DeFi) space.
Chainlink Automation provides developers with the necessary tools to execute DevOps maintenance tasks, allowing them to seamlessly scale their decentralized applications (dApps). This integration aims to enable developers to build more advanced features and attract a larger user base, fostering the growth of the Optimism ecosystem.
Smit Vachhani, Head of DeFi Partnerships at OP Labs, said: “The launch of Chainlink Automation will help Optimism developers trigger DevOps tasks, provide stronger security guarantees, and more easily scale their dApps. 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.”
Chainlink Automation, known for its exceptional performance and decentralized nature, offers developers the ability to securely and cost-effectively monitor automation logic off-chain. By doing so, developers can initiate on-chain transactions to execute smart contract functions when predefined conditions are met.
This capability empowers developers to create highly scalable smart contract applications that are decentralized end-to-end, thereby advancing the adoption of smart contract technology in the long run.
Johann Eid, VP of Go-To-Market at Chainlink Labs, highlighted the significance of the integration by stating, “We’re pleased to support the Optimism ecosystem with the native integration of Chainlink Automation, enabling developers to build highly scalable smart contract applications that are decentralized end-to-end. By integrating Chainlink Automation, Optimism developers can build more advanced applications that help drive adoption of smart contract technology over the long term.”
This collaboration follows Optimism’s successful integration of Chainlink Price Feeds in September 2021, which played a crucial role in driving the rapid growth of Optimism’s DeFi ecosystem. The integration of Chainlink Price Feeds enabled secure and reliable access to external data, fueling the expansion of developers and end-users within the ecosystem. Chainlink Automation now expands upon this foundation, providing Optimism developers with efficient and performant smart contract automation capabilities.
Chainlink, recognized as the industry standard for oracle services, allows smart contracts to connect to external APIs and leverage secure off-chain computations. It currently secures billions of dollars across various industries, including DeFi, insurance, and gaming. Chainlink’s oracle networks act as a universal gateway to all blockchains, enabling global enterprises and leading data providers to access the full potential of blockchain technology.
With the launch of Chainlink Automation, developers within the Optimism ecosystem now have the means to scale their dApps, further solidifying the position of both Optimism and Chainlink at the forefront of decentralized finance innovation.