Oracles on Ergo
Decentralized oracle infrastructure connecting off-chain data with on-chain transactions. Ergo's Oracle Pools provide secure, efficient, and decentralized data feeds for DeFi applications without the vulnerabilities of centralized oracles.
What are Oracle Pools?
Oracle Pools are Ergo's innovative solution for decentralized oracle infrastructure. They serve as an abstraction layer over oracle data, providing scalable benefits while managing trade-offs between cost and speed. Oracle Pools eliminate the need for centralized price feeds and protect against Flash Loan attacks.
Decentralized Security
Oracle Pools utilize Ergo's eUTXO model and ErgoScript to create highly decentralized oracle networks that are resistant to manipulation and single points of failure.
- Multiple oracle providers
- Consensus-based data aggregation
- Flash loan attack protection
Developer Friendly
Built on ErgoScript, Oracle Pools provide comprehensive tools and libraries for developers to integrate oracle data into their DeFi applications.
- Oracle Core library
- Connector libraries
- Easy bootstrap tools
How Oracle Pools Work
Oracle Pools consist of interconnected components that handle complex transactions including data posting and on-chain oracle pool protocol execution. Oracle Core manages these transactions and is packaged with Oracle Pool Bootstrap and Connector Library.
Data Providers
Post external data on-chain with precise encoding within transactions.
Consensus Mechanism
Multiple oracles reach consensus on data points through averaging and validation.