Astonic Protocol Oracles

Bridging On-Chain and Off-Chain Data

An oracle in blockchain is a service that provides real-world data (like prices, weather, or events) to smart contracts on a blockchain, enabling them to interact with external information.

The Oracle Architecture

The oracle system operates through a sophisticated dual-layer architecture, combining off-chain data gathering with on-chain validation and storage. At its core, the SortedOracles smart contract acts as a secure vault, meticulously collecting and organizing exchange rate data from various cryptocurrency markets. This creates a robust foundation for stable asset creation and management.

Protocol Integration and Stability Mechanism

The beauty of this system lies in its elegant simplicity and effectiveness. Think of oracles as the protocol's market analysts, constantly monitoring and reporting price movements across multiple trading pairs. Each exchange pair receives its dedicated rate feed, ensuring precise and timely market alignment.

The stability mechanism relies on this continuous flow of accurate pricing data, much like a ship's navigation system depends on constant stellar readings. This allows for the seamless exchange of collateral assets at market-accurate prices, maintaining the protocol's stability and reliability.