Switchboard: The Ultimate Oracle for Decentralized Finance

The oracle sector has always been a promising area for our outlook on the future of #RWA financial development, as it is niche, has high development difficulty, and relatively low competition. Being a core infrastructure, it has garnered our attention. Today, let's talk about a brand new customizable oracle project: #Switchboard (@switchboardxyz) is a highly customizable, decentralized, and permissionless oracle protocol designed to address the issues of slow speed, high costs, and poor flexibility of traditional oracles. It has already provided over $4 billion in security guarantees within the #DeFi ecosystem and supports multiple leading dApps.

🎯 Core Advantages

1️⃣ Fully Customizable Data Feeds

Users can freely set data update intervals, weights, calculation logic, and data aggregation methods, while also supporting the integration of on-chain and off-chain data sources to ensure data accuracy and reliability.

2️⃣ True Permissionless Mechanism

Developers can instantly create new data sources without approval or waiting, significantly increasing the development and iteration speed of #DeFi applications.

3️⃣ On-Demand Data Retrieval

Compared to the fixed update mechanism of traditional oracles, #Switchboard adopts an "on-demand" model, making data transmission more efficient and reducing unnecessary computational costs.

4️⃣ Global Data Aggregation

Switchboard can integrate multiple data sources, including other oracles, ensuring optimal pricing, maximum reliability, and data integrity, enhancing the security of #DeFi transactions.

5️⃣ Industry-Leading Ultra-Low Latency

Switchboard's data update speed is about 400 milliseconds, three times faster than other oracles, significantly reducing transaction slippage and improving the performance and security of DeFi applications.

6️⃣ Investment from Renowned Institutions (as shown in the image below)

Switchboard has raised a total of $11 million, with investment from well-known institutions and projects including: Lemniscap, RockawayX, Tribe Capital, CMS Holdings, Sui, Bixin Ventures, and others.

📝 Collaboration with #Jito Network: Introducing Restaking Mechanism

Switchboard is the first to introduce the Restaking mechanism in the #Solana ecosystem, further enhancing security and decentralization through collaboration with @jito_sol.

Collaboration Highlights:

• Restaking Rewards and Security Enhancement: #JitoSOL holders can restake assets to help protect the #Switchboard oracle while earning $SWTCH tokens, achieving a superior economic incentive model.

• #Jito Infrastructure Support: Leveraging the high-performance validator cluster of Jito NCN (Non-Custodial Network), #Switchboard further reduces centralization risks and enhances the stability and attack resistance of the oracle.

• Broader Ecosystem Integration: In the future, all assets supported by #Jito can be used to stake #Switchboard oracles, promoting broader liquidity and ecosystem growth.

Early Participation Link 🔗:

https://www.jito.network/restaking/vaults/HR1ANmDHjaEhknvsTaK48M5xZtbBiwNdXM5NTiWhAb4S/

Summary: #Switchboard redefines the #Web3 oracle standard with its speed, customizability, and decentralization. Its collaboration with #JitoNetwork not only introduces an innovative restaking model but also further enhances security, decentralization, and economic incentives, providing stronger infrastructure support for the DeFi ecosystem. As the importance of oracles in DeFi, RWA, NFT trading, GameFi, and on-chain derivatives markets increases, #Switchboard is becoming a core driving force in the decentralized data market, warranting close attention 🧐

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。