PropyKeys, a cutting-edge platform within the Propy ecosystem, has recently made a significant stride in blockchain technology by integrating Chainlink Automation into its system. This new development is now operational on the Base mainnet and aims to revolutionize the distribution of staking rewards for its users.
Streamlining Staking Rewards
The integration of Chainlink Automation marks a new chapter for PropyKeys, as it ensures the prompt and secure distribution of staking rewards in a trustless manner. Chainlink’s Automation Network has earned a reputation for its resilience and dependability, particularly in managing billions in the DeFi ecosystem under various circumstances. This integration significantly improves the platform’s functionality, providing users with an unprecedented level of service reliability and security, ensuring swift and secure transactions.
PropyKeys: Pioneering Onchain Real Estate Solutions
PropyKeys has been at the forefront of integrating real estate with blockchain technology since its inception in 2017. The platform is not new to innovation and aims to bring a million home addresses onto the blockchain by 2025. Its main objective is to redefine property ownership and management. PropyKeys offers unique solutions like a decentralized title registry and an escrow settlement protocol that provide secure land record storage and on-chain transactions, making real estate dealings more accessible and transparent.
Chainlink Automation Explained
Chainlink Automation is a decentralized, reliable, and economically incentivized platform that is perfectly suited for tasks critical to smart contracts. It offers high-performance automation and time-tested infrastructure, ensuring operational efficiency and opening up new possibilities for real estate transactions on the blockchain. By leveraging Chainlink, PropyKeys can scale more rapidly and explore innovative use cases that enhance the real estate sector.