Introducing the Modefi Decentralized Aggregated Oracle Beta!
The time has finally come for us to share our first beta product launch, the highly anticipated Decentralized Aggregated Oracle.
Thank you so much for your patience. The on boarding of the front end data took much more time than expected. We have decided to release the beta while it is being updated instead of waiting longer. You may notice some data is missing on the GUI, it will be updated as time progresses.
You can see our Aggregator live in action now — https://beta.modefi.io
The team at Modefi has been hard at work to bring the first Oracle aggregation product to the market, we are excited to be able to share what we’ve been working on with the community. Please keep in mind as with most first releases this is a beta and there are expected to be some bugs.
The first beta release includes a front facing GUI which allows for the visualization of the aggregation process. This data being displayed is the direct result of our on chain aggregation smart contracts running through the aggregation steps. The smart contracts will be published closer to public release of the aggregator.
What to Expect for the Beta Launch?
- Launch date: April 9, 2021
- Product offerings: Aggregation of Independent Oracle Data and Dex Oracle Data
- Oracle data supported at beta launch: Chainlink, Dia, Tellor, Compound, MakerDao and Uniswap (more will be introduced)
- Price feeds supported at beta launch : ETH/USD (More will be introduced)
- Feature highlights: Aggregated ETH/USD price and chart, last aggregation information, aggregation history
Aggregated ETH/USD Price
Individual Oracle Price Feeds
As you can see from the included screenshots, the first Oracles which are being included in the aggregation process are Chainlink, DIA, Tellor, Uniswap, Compound, and MakerDAO. This shows the latest price and time updated.
Aggregated ETH/USD Chart
Last Aggregation Data
Aggregation Price Feed History
The beauty and real-time functionality of the aggregator can be seen first hand with the data displayed on the dashboard. Here you can see the specifics of each aggregation process. Such as
- Oracles Included and Excluded
- Reason for Exclusion
- Timestamps of Data
- Pricing Data
- Price Deviation
- Reputation (coming soon!)
With the beta release we are able to run back-testing of historical on-chain data, so not only are you able to see aggregation of data from today but also we have included past data for full transparency of our oracle aggregation.
Modefi: An Oracle Solutions Platform
Modefi’s mission is to bring decentralized trustless Oracle solutions to developers and businesses. Using multi-chain solutions Modefi is building interoperability that will drive adoption and true power to the blockchain ecosystem.