^As the industry moves forward in a “DeFi” revolution, there exists a clear synergy between on and off-chain tasks
On-chain governance can be described as things that “need to be done on the computer” — i.e. things that validators can vote on like blocksize, upgrades etcetera. All the things that we herald as “decentralized”.
Whereas the reality is that for every decentralized task voted by the community, there is typically a “centralized” group of people putting these things together and running the thousands of other tasks that are required to keep a native blockchain running smoothly.
^ Access and utilisation of the FUND Price Oracle will require xFund, which is an emission of Unification’s FUND token distributed to the network’s validators and also traded on ERC-20 markets.
The project consists of three main components: the Router, the Consumer Library, and the Data Provider Oracle(s), each of which are covered in further detail below.
The first Oracle to be deployed will serve data from the Finchains API, providing tamper resistant immutable crypto pricing on-chain, and will be maintained by the Unification Foundation.
Router
The Router is a smart contract deployed and maintained by Unification Foundation, and is responsible for routing data requests from Consumers to Providers, facilitating data fulfilment from the Provider to the Consumer, and handling the payment of xFUND tokens to Providers upon successful request fulfilment.
ConsumerLib
The ConsumerLib is a library of contracts maintained by the Unification Foundation, available via npm. It contains all of the necessary functions required for interacting with the Router smart contract on behalf of the Consumer, and facilitates interaction between the Consumer and Router in a standardised way.
Data Provider Oracle
The Oracle is an off-chain application, which runs independently and can grab numerical data from off-chain sources and APIs. The Oracle software listens for any DataRequested events emitted from the Router smart contract, and acts accordingly.
On-chain governance can be described as things that “need to be done on the computer” — i.e. things that validators can vote on like blocksize, upgrades etcetera. All the things that we herald as “decentralized”.
Whereas the reality is that for every decentralized task voted by the community, there is typically a “centralized” group of people putting these things together and running the thousands of other tasks that are required to keep a native blockchain running smoothly.
^ Access and utilisation of the FUND Price Oracle will require xFund, which is an emission of Unification’s FUND token distributed to the network’s validators and also traded on ERC-20 markets.
The project consists of three main components: the Router, the Consumer Library, and the Data Provider Oracle(s), each of which are covered in further detail below.
The first Oracle to be deployed will serve data from the Finchains API, providing tamper resistant immutable crypto pricing on-chain, and will be maintained by the Unification Foundation.
Router
The Router is a smart contract deployed and maintained by Unification Foundation, and is responsible for routing data requests from Consumers to Providers, facilitating data fulfilment from the Provider to the Consumer, and handling the payment of xFUND tokens to Providers upon successful request fulfilment.
ConsumerLib
The ConsumerLib is a library of contracts maintained by the Unification Foundation, available via npm. It contains all of the necessary functions required for interacting with the Router smart contract on behalf of the Consumer, and facilitates interaction between the Consumer and Router in a standardised way.
Data Provider Oracle
The Oracle is an off-chain application, which runs independently and can grab numerical data from off-chain sources and APIs. The Oracle software listens for any DataRequested events emitted from the Router smart contract, and acts accordingly.