Home Altcoins News Next Generation Curated Oracle Network on Solana (SOL)

Next Generation Curated Oracle Network on Solana (SOL)

Solana Next Generation

Switchboard is building the next generation community curated oracle network on Solana.

Several amazing projects have been working with Switchboard which includes @mangomarkets, @solendprotocol, @HedgehogMarket, @LiqProtocol, @ApricotFinance, and @grapeprotocol just to name a few with many more to come.

MangoMarkets provides for markets, infrastructure, defi, MERH.  It provides for spot margin, perpetual futures for markets.  In terms of infrastructure it provides for liquidator program and  market making program. In Defi it facilitates borrowing and lending. With MERCH, through Mango Market Caps facilitates premier fashion choice for Mango lovers, traders and lenders. Thus, users can be long and short everything.

Solend is the algorithmic, decentralized protocol for lending and borrowing on Solana. Over $100M in deposits. Solend is live on Solana mainnet.  DeFi on Solana is exploding and Solend is an early and important part of the ecosystem making instant borrow and lend possible.

HedgeHog is the user centric prediction markets platform on Solana.  HedgeHog helps predicting the future price trends. Hedgehog is a lightning fast prediction market that generates passive yield for LPs while providing users a seamless experience.

Hedgehog displays markets live on the Solana blockchain and is a graphical user interface for visualizing data and market trends from on-chain activity, and interacting with said smart contracts directly via a Web3-enabled wallet. Markets resolutions are determined by third-party data, the source(s) of which are always presented alongside the market itself.

LIQ Protocol is the decentralized on-chain liquidation engine and keeper powering derivatives markets and lending protocols on Solana, Bonfida, Project Serum, and Mango Markets.

Apricot Protocol is the next-gen lending protocol on Solana. It makes it possible to lend, farm and to stay protected.

Grape Protocol is the toolset for Decentralized Social Networking on Solana.

Developers have different data needs and Switchboard is a decentralized oracle network and anyone can utilize some of the 100+ feeds on mainnet.

But how can that scale to 10,000 feeds? 100,000 feeds? Where each datapoint may not be as broadly used. How can it be scalable while decentralized? This is possible with community curation and decentralized publishing.

Switchboard v2 introduces the ability for anyone to easily take a public datapoint and publish that on-chain with multiple, redundant oracles.

Switchboard is optimized for breadth, over depth. Decentralization and redundancy of data sources is critical for the ecosystem.

There is more to know about Switchboard v2’s architecture and how it will revolutionize bringing data on-chain.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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