Cask Protocol has recently increased its recurring revenue streams on the Avalanche network. The expansion enables communities and decentralized applications to accept recurring cryptocurrency payments.
Avalanche’s C-Chain (Contract Chain) is an EVM-compatible smart contract chain that can facilitate hundreds of transactions per second. It promises cheap fees and sub-second finality, providing an excellent foundation for the release of dapps.
Given such alternatives, selecting Avalanche for Cask was the obvious choice. Since its founding in 2020, Avalanche has been adding dApps to its portfolio. These apps can now accept recurring payments using Cask’s fee options.
Mike Machado, co-founder of Cask Protocol, discussed the current development. In accordance with Machado, Avalanche supplies swift and cost-efficient services with a lively developer neighborhood.
Since Cask is paving the path for the future of recurring crypto monies, it need the cooperation of partners such as Ava Labs. Machado stated that the relationship will prove fruitful because the community has the same inventive and prescient as Cask.
Cask is seeking the following capabilities in EVM chains:
Beefy Finance and other yield-generating protocols enable users to earn yields on the Cask balance.
Sensible contract automation
Avalanche uses Chainlink Keepers to ensure that repeated currency transfer transactions can occur.
Oracles of Chainlink value within the community provide the necessary knowledge feed for Cask property.
Such bonuses are anticipated by modern consumers: swift and cost-effective transaction costs
Fiat on-ramp unifies the approach by which customers access services. Through the Transak integration, clients can get fiat onboarding within Cask pockets.
Cask is a decentralized, non-custodial system for the management of recurring cash flows. Its performance hinges on NFT subscriptions and fee transfers between customers and repair suppliers.
Utilizing Cask, suppliers can develop unique plans with the phrases of the recurring cost settlement. Since each subscription is based on NFTs, providers may also choose the amount and transferability between events.
In addition to automated Web3 reductions, the platform offers further features. This feature evaluates consumers’ on-chain activity to generate discounts. Consequently, its addition to a large community comparable to Avalanche is certain to generate considerable market buzz.