NEST Oracle
The Truly Decentralized Oracle
Unlike the price generated by Price Feed in the market,
it constructs a decentralized non-cooperative gaming network and
uses the mechanism of arbitrage and two-way options to determine
the final price. NEST Oracle also introduces random information based
on decentralized price flows on the chain.
What is NEST Oracle?
Impeccable Technical
Architecture
Nodeless
Nodeless and permissionless quotation
Accuracy
Reflect the real market price
Validation
Any third party with no threshold
Stable
Stablelized price informations reduce risks
Flexibility
Free to entry or exit
Anti - Attack
High cost to tamper the price
How does NEST Oracle work?
- Create your channel
Create Channel
Anyone can create a channel. Open a decentralized oracle with one click.
- How to quote
Price Quote
Anyone can make a price quote on the chain after pledging some tokens. Quotes will be rewarded and deviations from the quote will be arbitrated.
- How to verify
Verification
During the validation period (T0), anyone can validate the price. If there is a deviation from the correct price, the verifier can question the price and choose to trade either valuation or quotation asset, and then the verifier has to quote a new price.
- How to call
Effective Price
If a price is not arbitrated during the verification period(T0), this price is the effective price and anyone can use this price for free.
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