Block Ape Scissors is Integrating Chainlink VRF to Bring Verifiable Randomness to Yield Farms and Loot Boxes
We are delighted to announce to our community that Block Ape Scissors has established Chainlink as our exclusive decentralised oracle provider. Chainlink is the blockchain industry’s most widely used and battle-hardened oracle network, providing real-world data and off-chain computation services to smart contracts across leading blockchains.
To start, we are integrating Chainlink VRF (Verifiable Random Function) to help power a provably fair randomisation layer within our yield farming protocol, as well to help mint random loot boxes.
1. Chainlink VRF Within Our Random DPY Farms
Block Ape Scissors will be pioneering a personalised yield farming protocol that establishes a randomisation layer in front of our smart contracts to assign daily percentage yield (DPY) once deposits are locked. By threading Chainlink VRF in between our smart contracts, we will be able to access cryptographically secure randomness and bring a more gamified yield farming experience to users.
2. Chainlink VRF for Minting Provably Random Lootboxes
We are implementing redeemable Loot Box (LB) tokens in our marketplace, which give users the ability to mint loot boxes with variable probabilistic weighting models based on how many LB tokens are used to mint. Essentially, this means that the more LB tokens used to mint a loot box, the more likely they are to gain rare loot. Chainlink VRF will be utilized to provide a secure and verifiable source of randomness for this unique implementation, resulting in a wide range of different NFTs for games and farms.