Robodex, a DeFi-based protocol, is now last on the list of projects in the Chainlink BUILD, a Chainlink program aimed at fostering the growth of established and early-stage projects within the Chainlink ecosystem.

By having access to Chainlink services, Robodex aims to use the Chainlink BUILD program to accelerate ecosystem growth and long-term adoption of its next-generation decentralized exchange (DEX) with integrated automated liquidity management services for providers. of liquidity (LP).

In return, Robodex said it will commit to providing the Chainlink community with network fees and other benefits, including making 3% of its total token supply at launch available to Chainlink service providers, which involve stakeholders, for some time.

Robodex will empower DEX liquidity providers with automated liquidity management

In the world of DeFi, temporary loss is one of those issues that needs to be curbed so as not to discourage upcoming liquidity providers. As a DeFi-based protocol, Robodex’s goal is to help DEX liquidity providers reduce the chance of temporary losses by improving the fundamental concepts behind automated market making. In addition, Robodex plans to introduce automated and decentralized high-level pool management tools, which will form the foundation for the next-generation DEX.

“Improved access to Chainlink’s industry standard services and support from Chainlink Labs are helping us build Robodex, which will greatly empower liquidity providers. We do this without adding layers of complex coverage, which in themselves introduce risk,” said Matthew Willetts, co-founder and CEO of Robodex.

Robodex completed a pre-seed led by a Tier 1 Silicon Valley venture fund in June 2022. In addition to the protocol joining the Chainlink BUILD program, it also recently partnered with ChainML, a protocol working to extend the power of chains. of blocks through AI. machine learning and other data-rich calculations.