AutoShark Uses Chainlink VRF to Enable Fair Randomized NFT Upgrade System
We are thrilled to announce that AutoShark — a yield optimizer on Binance Smart Chain (BSC) — has integrated Chainlink Verifiable Random Function (VRF) within our yield-powered NFT farming upgrade system. By integrating the industry-leading decentralized oracle network, we now have access to a tamper-proof and auditable source of randomness to help ensure a fair and verifiable NFT upgrade and reward distribution system. Ultimately this creates a more exciting, fraud-proof user experience where users can interact with the staking and gameplay systems in a fair and transparent way.
How does AutoShark use Chainlink VRF?
AutoShark has created a series of NFTs that are living and breathing on the Binance Smart Chain. The Snide Shark series empowers users to collect and upgrade their NFTs to higher rarity tiers through our Deep Sea Forge. The amount of boost a user can get is directly proportional to the rarity of their NFT, so it may be worth fully upgrading as each Vault can only have a maximum of 5 boost slots!
To provide users with a verifiably random result, we need access to a secure random number generator (RNG) which any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation and ensure system integrity. For instance, RNG solutions derived from on-chain data like block hashes can be exploited by blockchain miners via reorg attacks, while RNG solutions derived from off-chain data providers are opaque and don’t provide users with definitive proof about the integrity of the process.
After reviewing various solutions, we selected Chainlink VRF because it’s based on cutting-edge academic research, supported by Chainlink’s time-tested oracle infrastructure, and secured through the generation and on-chain verification of cryptographic proofs that help ensure the integrity of each random number supplied to smart contracts.
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper. Want to discuss an integration? Talk to an expert.
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AutoShark is a yield optimizer on the Binance Smart Chain and Polygon Network. It is forked from PancakeBunny, and offers unparalleled access to farming opportunities through the use of superior yield strategies and auto-compounding vaults.
The DeFi ecosystem is a robust landscape, with multiple Dapps looking to participate in certain segments of the market. From lending to gamification to NFT marketplaces, the goal of AutoShark is to capture interest through the use of yield optimizing for BSC and Polygon.