Open Oracle Gateway

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 Basics

"Acala is launching a new oracle service for the Polkadot ecosystem. The Open Oracle Gateway will provide data for Acala, Karura, Kusama, and various other platforms running on Polkadot."

History

"The Gateway is the result of a collaboration between Acala, Laminar, and Band Protocol."

Token

Launch

Token allocation

Utility

Token Details

Stablecoin

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].
  • Built on: Polkadot
  • Programming language used:

Transaction Details

How it works

Mining

Staking

Liquidity Mining

Layer Two

Different Implementations

Interoperability

Other Details

Privacy Method being used

Compliance

Oracle Method being used

"The network will aggregate various oracles in one place, allowing applications to choose between providers based on their needs. Alternatively, users of the Gateway can pull data by trusting all of the providers in the network. It’s a big change for Acala, which previously ran its own network with various nodes sourcing off-chain data.

In addition to the increased quantity of operators, oracle transactions will now be filed by a process called “Quality of Service,” with oracle transactions treated as high-priority regardless of network congestion level. Moreover, transaction fees will be customizable, and it will be possible to refund valid feeds."

Their Other Projects

DEX

Governance

"Though oracle providers will initially be checked, it’s expected that the Gateway will become more decentralized over time. Acala has teased the possibility of adding an “Oracle Council” to handle decision making."

DAO

Treasury

Upgrades

Roadmap

  • Can be found [Insert link here].

Audits

Bugs/Hacks

Usage

Projects that use or built on it

Competition

Coin Distribution

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

"The Gateway is the result of a collaboration between Acala, Laminar, and Band Protocol."

Funding

Partners