Chainlink Automation has been launched on the Ethereum mainnet, providing developers with a decentralized off-chain computation solution that automates the execution of smart contract functions based on predefined conditions. This innovation allows developers to focus on creating advanced DeFi products without needing to build core backend infrastructure, as they can now utilize Chainlink Automation to reliably trigger on-chain functions. The technology supports a variety of applications, such as executing limit orders on decentralized exchanges, rebalancing on-chain strategies, and liquidating under-collateralized loans, while ensuring reliability, security, and cost-effectiveness. Chainlink Automation, along with Chainlink's existing decentralized services like Chainlink VRF and OCR, marks a significant step toward fulfilling the vision outlined in the Chainlink 2.0 whitepaper of a decentralized oracle network that not only transfers data between on-chain and off-chain environments but also performs off-chain computations. This development is poised to enhance the Chainlink ecosystem by enabling the creation of sophisticated hybrid smart contract applications, thereby driving innovation in the smart contract economy.