DAO Invest, a portfolio management ecosystem for decentralized crypto, announced on Tuesday that it will automate passive income payments for members of the entire DAO investment community on the Ethereum platform, an industry slated to power hybrid smart contracts. The Yardstick Oracle Association will assimilate Chainlink Keepers. DAO Invest will activate Chainlink Keepers to enable passive income payments for VEST token holders. Once these conditions are met, Chainlink Keepers use decentralized and reliably trusted off-chain computations to monitor user-defined conditions and facilitate on-chain operations.
This will lead to automated payments by the DAO Invest ecosystem and better management of the community crypto portfolio, increasing the dependability of the entire platform. The Insure DeFi ecosystem controls and owns DAO Invest, whose primary goal is to nurture community-linked crypto collections that allow for pooling in community-voted cash pools. The VEST DAO is an in-house service token from the Invest ecosystem, providing voting rights on future partnerships or the way forward for other projects.
DAO Invest has the potential to skyrocket based on community decisions and is designed with a longer time frame in mind. Community LP holdings and all transactions can be confirmed on the Polygon Chain, BSC and Ethereum platforms. Chainlink provides a reliable, cost-effective decentralized solution that maintains the same security guarantees of the blockchain. Chainlink Keepers will check users’ Vest holdings, and based on Vest’s development, passive income payments will be facilitated. There are some unique features of Chainlink Keepers which allow automation of portfolio. These are: high uptime, low cost, decentralized execution and scalable computation.
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