
子时|Apr 02, 2025 10:33
I looked at @ switchboardxyz
Switchboard project
A friend asked me curiously
What is a oracle
It sounds particularly sacred and unattainable
The oracle speaks human language
Smart contracts can access off chain data
Plays a role in linking the truth of the world outside the chain
So in the new project, Switchboard
Fast and customizable, it's built for the DeFi ecosystem
To be honest, traditional oracle solutions are inefficient
High entry threshold, slow updates, and many restrictions
But Switchboard did break these
Behind them are big brothers such as Sui and Bixin
11 million US dollars in financial funds can buy 8 Tomahawk missiles
Provide security for assets exceeding $4 billion
✅ Compared with other major competitors, Switchboard has four major killer features
openness
Switchboard allows unauthorized creation of feeds
PYTH needs to apply to become a publisher
RedStone and Chainlink also have similar restrictions
Unpermitted gold content DDDD
speed
Switchboard's 400ms latency
Far faster than PYTH's 1.2-1.4 seconds
8-20 seconds with RedStone
What is the most important requirement for high-frequency trading? Exactly the speed!
flexibility
Switchboard flexible Oracle aggregation
Satisfied diverse needs
safety
Effectively prevent tampering through TEEs and decentralized nodes
✅ Switchboard's data feeds
This is also their ultimate skill
Allow users to create custom data
Such as cryptocurrency prices or weather information
Suitable for DeFi, gaming, insurance and other fields
Users can choose data sources and update intervals
Easy to operate, no license required
Safe and reliable, low latency
The gold content is indeed high
✅ Switchbaord's Collaboration with Jito
This is really awesome
The two parties cooperate to introduce a re pledge mechanism
Becoming Solana's first external Jito Node Consensus Network (NCN)
Jito is a Solana liquidity pledge system
Support users to pledge SOL and participate in DeFi
Simultaneously enhancing network security through re staking, Switchboard utilizes this mechanism
Allow users to re pledge assets
To support its oracle network and receive rewards
Thereby enhancing decentralization and reliability
You can follow the progress of switchborad
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