We’re excited to announce that Steadefi is officially joining the Chainlink BUILD program. As part of BUILD, we are receiving enhanced access to industry-leading Chainlink Web3 services, technical expertise, and community support from the Chainlink ecosystem. This will help us drive the adoption of our automated smart-hedging strategies. In return, Steadefi will contribute 3% of our total token supply to Chainlink service providers as part of Chainlink Economics 2.0.
Optimized Risk-Adjusted Strategies For DeFi
Steadefi is a next-gen DeFi protocol designed to make capital-efficient, risk-adjusted strategies accessible to everyone. Integrating with a diverse set of the most trusted protocols, we provide our users with a variety of carefully-designed strategy vaults, all featuring automated position management with tightly-controlled leverage.
Why We Joined Chainlink BUILD
Steadefi joined Chainlink BUILD to maximize the security, reliability, and decentralization benefits that the Chainlink Network provides to Web3 protocols. As part of BUILD, we will receive access to new Chainlink product alpha and beta releases, dedicated technical support from the Chainlink ecosystem, and more.
“We are excited to join Chainlink BUILD, which we believe will greatly help drive the adoption of Steadefi’s next-gen DeFi automated strategy vaults. Chainlink’s Web3 services are essential for any protocol that value security and reliability, and we plan to leverage the full suite of services that Chainlink can offer such as Chainlink Data Feeds and Chainlink Automation to support our strategy vaults. Ultimately, joining BUILD will help us provide more people with access to Steadefi’s innovative, efficient, and safe strategies.” Jeff Lam, Project Lead
As part of our commitment to the BUILD program, Steadefi has committed 3% of our total token supply to be used as an economic incentive for Chainlink service providers, including stakers. By aligning economic incentives, the Chainlink and Steadefi communities are well positioned to support each other and benefit from the collaboration.
About Chainlink
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About Steadefi
Steadefi is an advanced leveraged yield aggregator that focuses on maximizing yields from a variety of sources while managing market risks automatically. By providing undercollateralized leverage to automated yield strategies, Steadefi caters to both risk-on yield seekers and risk-off lenders. Their current featured strategy vault is the 3x Long GLP Vault built on the GMX perpetual trading platform. Website | Twitter | Discord | Documentation | Blog |
