BetSwirl Integrates Chainlink Keepers to Help Decentralize and Automate Reward Distributions
Chainlink Keepers automate smart contract functions in a decentralized, cost-efficient, and highly secure manner.
We’re excited to announce that BetSwirl — a Web3 GameFi platform — has integrated Chainlink Keepers live on BNB Chain, Polygon and Avalanche mainnets. We are leveraging Chainlink Keepers to help securely and cost-efficiently automate the distribution of rewards from the house edge to users staking their tokens on BetSwirl. As a result, rewards can be automatically distributed in a highly secure and reliable manner without manual intervention from the BetSwirl team.
We decided to decentralize our customer rewards payout function using Chainlink Keepers because it is operated by the same pool of time-tested, provably reliable node operators that operate Chainlink Price Feeds — which currently help secure tens of billions of dollars in DeFi even during record levels of network congestion and extreme market volatility. The proven infrastructure of Chainlink helps ensure that every reward distribution is executed on-time in a trust-minimized manner, giving stakers additional guarantees that it will function exactly as intended.
BetSwirl aims to become the one-stop Web3 destination where anyone from any chain can come to place bets with a variety of crypto assets. The Dice and Coin Toss games have been launched on the platform and include graphics, background animations, and music that make the gaming process more entertaining and immersive. For now, bets can be placed with BETS, SPHERE, TITANO, MATIC, BNB, and MATIC, and we plan to add more assets over time.
Integrating Chainlink Keepers enables our platform to automatically distribute rewards to our various ecosystem participants including stakers and referrers. By removing the need to manually distribute these rewards, we save valuable developer time and make the process more reliable.
Chainlink Keepers is a decentralized service purpose-built to manage tasks on behalf of smart contracts. Chainlink Keepers serve as a decentralized, hyper-reliable, and economically incentivized automation bot that wakes up smart contracts when they need to perform critical on-chain functions, which usually take place at regular time intervals (e.g., every day at the same time) or based on external events (e.g., when an asset hits a specific price).
Some of the notable features of Chainlink Keepers include:
- Decentralized Execution — Chainlink Keepers provide reliable, trust-minimized automation with no single point of failure, mitigating risks around manual processes and centralized servers.
- Increased Efficiency — Projects that use Chainlink Keepers are able to reduce time spent on DevOps, minimize operational overhead, and streamline development workflows.
- Enhanced Security — Chainlink Keepers sign on-chain transactions themselves, enabling automated smart contract execution without exposing private keys.
- Reduced Costs — Chainlink Keepers perform efficient off-chain computation for smart contracts, allowing developers to build feature-rich dApps at lower costs.
- Multichain Capabilities — Chainlink Keepers infrastructure is already live across multiple leading blockchains, making it the ideal solution for our multichain vision.
Beyond BNB Chain, Polygon and Avalanche, we’re looking to use Chainlink Keepers to automate rewards distributions across other chains in the Web3 ecosystem. In the future we also plan to integrate Chainlink Price Feeds to help widen the range of digital assets players can use on our platform.
Chainlink Keepers was chosen by BetSwirl for its proven reliability, which helps enable our feature-rich GameFi application to automate reward payouts in a highly secure manner.
— Romuald Hog, CEO of BetSwirl.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
BetSwirl is a cross-chain DeFi gaming platform that seeks to bring true decentralization to the online gaming industry. It leverages Polygon’s growing popularity and minimal gas fee, to create dynamic experiences that rival existing norms in the industry. Led by a public team, the BetSwirl project prides itself in a futuristic approach to ecosystem development. Beyond the usual offers of everyday betting platforms, BetSwirl is already laying the foundations of a metaverse-inclined ecosystem. Together with ongoing efforts to accommodate more blockchain protocols, chains, and tokens, BetSwirl is positioning itself for the future.