加密狗
加密狗|Apr 02, 2025 07:48
Switchboard has released the narrative of 'The Everything Oracle', and it feels like this project, which has been under development for 2 years, has achieved a technological breakthrough. The next step is to release coins and airdrops. Overall, I think Switchboard's positioning as OpenAI for Web3 is quite accurate. As an Oracle oracle project, Switchboard breaks the problem of CHAINLINK, Pyth, and Redstone needing permission to use data, providing everyone and every application with the ability to access the real world. This is also the first project to transform Oracle from a "service" to a "tool", ushering Oracle into a new era of "everyone can use, real-time response". Through Switchboard, the developer's freedom has been greatly improved, and for the first time, "small projects" can equally access high-quality off chain data. According to official technical analysis, I have summarized Switchboard in the following three aspects: one ⃣ Switchboard is the only true permissionless multi chain oracle At present, most oracle projects (such as Chainlink, Redstone, API3, Chronicle) support EVM financial data, only a few such as Pyth and Redstone support Solana (SVM) chain, and even fewer support Move based blockchains such as Aptos and Sui. Only Pyth and Chainlink are supported; Switchboard runs on over 10 blockchains, including Solana (SVM), Arbitrarum and other EVM chains, Move based blockchains such as Aptos and Sui, Cairo based blockchain StarkNet, and provides SDKs such as JavaScript and Rust. The current Oracle solutions, such as Chainlink, Pyth, Redstone, API3, and Chronicle, are mostly centralized and only provide licensed data feed creation. This means that if developers want to access data, they must directly obtain approval from the team providing the feed. This makes data acquisition costly, complex, and time-consuming, especially for the public or those who do not have much technical expertise. Unlike solutions that are expensive and require approval, Switchboard offers a "license free data feeds" solution where developers do not need any approval and can obtain data in just a few minutes through extremely simple deployment; To address the issue of data costs, Switchboard also offers an "on-demand mode" where developers can significantly reduce costs through a "pay as you go" approach, making it affordable for everyone. How can Switchboard achieve permissionless transmission of data within 400 milliseconds while ensuring data reliability and accuracy? This requires mentioning: two ⃣ The core functions of Switchboard are: Switchboard Data Feeds The proposal of RWA concept has gradually made "everything can be on chain" a reality, and there will be more real-world data on chain to create new value directions in the future. With so many value on chain in the future, it is necessary to support the oracle of real-world data to provide data services. Switchboard has a forward-looking vision, securely connecting real-world data to a decentralized platform on blockchain through Switchboard Data Feeds. They allow users to create custom feeds for any data, such as cryptocurrency prices, weather updates, or sports scores, making them available for smart contracts on supported blockchains (add name here). These feeds provide support for decentralized applications (dApps) in fields such as DeFi, gaming, and insurance by connecting off chain information to on chain environments with a focus on decentralization, reliability, and security. Deploying is also very simple. Users can obtain and verify data without trust through independent nodes. With the Switchboard Data Feeds function and intuitive GUI, users do not need any code. They can choose the data source according to their own needs and complete the deployment with just a few clicks of the mouse. If you are interested in the deployment process, you can watch the video tutorial: https://youtu.be/V9WGUSrjDOE three ⃣ Profit making methods on Switchboard Switchboard has become the first external Jito node consensus network (NCN) on Solana, and by initiating re staking, Switchboard can enhance the security, efficiency, and decentralization of oracle machines. Users participating in re staking can not only receive SWTCH tokens as rewards, but also receive APY income from the staking platform and token rewards from the staking platform (eat more with one fish), We can use Jito and Fragmetric for re staking, as follows: 🔸 Method 1: Use Jito platform Refer to previous tutorials: https://(x.com)/JiamigouCn/status/1899700272534008264 🔸 Method 2: Use Fragmetric platform Fragmetric website: https://app.fragmetric.xyz/referral/?ref=DAXFUH Click on "Restake" in the upper left corner, Then choose one of the following two assets: fragSOL or fragJTO. After selecting the asset, choose the token to deposit, enter the amount to deposit, press "Restake", and then wait for the wallet to pop up a window to confirm the transaction. Video tutorial: https://screen.studio/share/MzI1bXNL ✅ summarize As a multi chain oracle, Switchboard breaks the problem of CHAINLINK, Pyth, and RedStone needing permission to use data, providing everyone and every application with the ability to access the real world. It is also the first project to transform Oracle from a "service" to a "tool", ushering Oracle into a new era of "everyone can use, real-time response". With the support of these narratives, I think Switchboard will have a very good performance in both re staking rewards and the later secondary market.
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