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📝 Draft Project Idea: Cross-Chain Oracles #14

Open smartcontracts opened 1 year ago

smartcontracts commented 1 year ago

What is a Draft Project Idea?

A Draft Project Idea is a concept for a project within the Optimism ecosystem that is generally considered valuable but has not yet been fleshed out into a clearly defined product. Draft Project Ideas may be converted into Ecosystem Project Ideas as they are explored further and more thoroughly specified.

Summary

There's a huge opportunity for cross-chain oracles, as well as oracles that pull data from L1 and make it available in L2. It's possible to implement this sort of L1 indexing system as an OP Stack chain.

Possible Features

pr0toshi commented 1 year ago

Would like to take this on as a part in Scrys feature set http://docs.scry.finance/

The idea being to enable nodes to connect to arbitrary networks and pull data from arbitrary addresses through onchain calls and RPC insertion and swapping handled by the node but requested onchain.

This would enable anyone to run a node or use a node they choose for the data, while being able to access data at any address.

The node would take in an RPC endpoint, address and the data needed for the call with ABI, then perform the call using the RPC to the address, then the oracle would push the data back onchain. This would enable out of the box compatibility with any data in realtime from any chain, for any contract on any EVM.

verkhohliad commented 1 year ago

It's my pleasure to introduce our decentralized oracles, which I believe would be an excellent fit for Optimism ecosystem.

Orally is a decentralized cross-chain oracle system designed to bridge real-world data with decentralized applications on various blockchain networks. By leveraging the Internet Computer Protocol (ICP), Orally can securely fetch, verify, and deliver real-world data from numerous internet sources.

With key products like "Sibyl" for price feed data and "Pythia" for an automated transaction and random data generation, Orally offers a comprehensive data solution for blockchain networks. Its ability to operate across multiple chains simultaneously broadens the range of dApps that can utilize its data, enhancing its functionality.

Check our documentation for more details: https://docs.orally.network/overview/how-orally-works And repos: https://github.com/orally-network