CM
CM|Mar 12, 2025 12:57
Switchboard collaborates with Jito Restaking No license required oracle+Solana re staking agreement =SOL's additional benefits+providing protection for the oracle @Switchboardxyz is more suitable for Restaking mechanism, mainly because its biggest feature is a fully decentralized oracle. Unlike traditional credit nodes, decentralized oracle encourages ordinary users to participate in oracle services through re staking -Allow anyone to participate in data provision -Free customization of data sources, customized update frequency, calculation methods, etc -Anyone can benefit from providing security through Restaking After cooperating with Jito, ordinary token holders can participate in Restaking through Fragmetric Vault, but Jito's design theoretically supports any SPL token, which can allow diversified assets to participate in the future. At present, Switchboard mainly serves the Solana ecosystem, with a focus on developing in a decentralized form, and the front line will be relatively long. The characteristic of the oracle track is that it is difficult to replace the demand that has already been adopted. The market expansion of newcomers comes more from new projects, but new projects have not seen a surge in quantity during this cycle. Therefore, combining Restaking to attract more assets and attention is a good choice in the current market situation. In the long run, the advantages of openness and flexibility of decentralized oracle will gradually emerge, especially during the explosive period of application.
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