ADAMoracle successfully received the grant from Polygon, Let’s build up an oracle ecosystem with high security
On August 13, ADAMoracle officially announced that it has received Polygon Grant. At the same time, ADAMoracle will deploy an oracle system with high security in the polygon ecosystem to provide decentralized oracle solutions for many DeFi projects.
With the popularity of DeFi, the scalability and operation problems of Ethereum have exploded. More and more projects have chosen to join some Layer 2 networks, including Aave, Curve, Aavegotchi, OpenSea and many mainstream Ethereum applications. Polygon was chosen to expand its performance. There are currently more than 200 DeFi projects in the Polygon ecosystem, and Polygon has become another emerging DeFi ecosystem after Ethereum.
The huge DeFi ecosystem requires a high quality oracle as the underlying configuration. The oracle converts off-chain information to the chain to complete the data intercommunication between the blockchain and the real world. It is necessary to provide trusted data to the chain, such as financial derivatives trading platforms, lending platforms, IoT, stable coins, big data trading markets, insurance, prediction markets, etc. The most important scenario at present is still DeFi.
As the creator of the oracle 3.0 era, ADAMoracle launched a wide-area node pricing system with leading industry concepts, and based on this established a comprehensive risk control model. The ADAMoracle network can accommodate thousands of nodes for pricing services , to achieve the industry vision of decentralization, safety and accuracy.
After ADAMoracle is fully settled in the Polygon ecosystem, it will rely on extremely high security, reliability and data quality assurance to help build highly scalable and low-cost DeFi applications, and promote the exponential growth of DeFi projects in Polygon ecosystem.
ADAMoracle, as the first decentralized oracle that supports wide-area node quotation, which not only retains the traditional data source organization, but also adds a large number of diversified servers as computing nodes and storage nodes to predict Decentralized complete oracle solutions for both oracle and data sources, and support multi-chain operations such as ETH, BSC, Heco, Polkadot, Polygon, Solana, OKExChain, etc., creating a new generation of “everyone can participate in price feed”.
Polygon became the first Layer 2 solution aggregator on the Ethereum, and the first well-structured and easy-to-use Ethereum expansion. Building a modular, universal and flexible expansion framework for Ethereum has become the preferred expansion solution for many Ethereum-based projects, including Decentraland, OpenSea, PolyMarket, Aavegotchi, etc.