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Maker DAO Approves Chainlink Integration for DAI Stability

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:

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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Source: Cryptocurrency - investing.com

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