The APRO Oracle project is a decentralized oracle network focused on providing secure, reliable, and fast data services for the crypto ecosystem, particularly in the fields of DeFi, BTCFi, and AI integration. Here are some of the things this project does:
1. Provides Data Services and Price Feeds
- Dual Data Model: Supports two data service models, namely "data push" and "data pull". Data push sends data updates to the blockchain when a certain price threshold is reached or a certain time interval has passed, while data pull allows applications to fetch data as needed with high update frequency and low latency.
- Wide Coverage: Providing over 161 price feed services for various assets across 15 major blockchain networks, including Ethereum, Bitcoin, Rootstock, ZetaChain, and others. These price feeds cover cryptocurrencies, traditional assets, and real-world assets (RWA).
2. Building Secure and Reliable Architectures
- Two-Layer Architecture: Utilizing a two-layer oracle network, with the first layer being the OCMP (Off Chain Message Protocol) network consisting of network nodes, and the second layer being the EigenLayer network as a buffer layer. The buffer layer is responsible for validating fraud in case of disputes between customers and the OCMP aggregator.
- Off-Chain and On-Chain Verification: Combining off-chain processing with on-chain verification to enhance data processing speed and ensure reliability and security of the data.
- Other Security Technologies: Using mechanisms such as staking systems (deposits that can be withdrawn if a node violates rules), user challenge mechanisms, hybrid node models, multi-network communication schemes, and WAP TV price discovery mechanisms (Time-Weighted Average Price) to prevent data manipulation and enhance the security and stability of the network.
3. Focusing on Specific Areas
- BTCFi: Becoming one of the main oracles in the Bitcoin ecosystem, providing reliable data for Bitcoin-based DeFi applications, including layer 1 Bitcoin, layer 2 Bitcoin, Ordinals, Runes Protocol, Lightning Network, and others.
- AI Integration: Developing the ATTPS (Agent Text Transfer Protocol Secure) protocol for secure data exchange between AI agents, opening up opportunities to build autonomous digital systems and decentralized data markets at the intersection of web3 and artificial intelligence.
4. Developing Ecosystems and Partnerships
- Integration with Platforms and Projects: Collaborating with various platforms and projects in the crypto ecosystem, including blockchain networks, DeFi applications, gamefi platforms, and others, to provide oracle services tailored to their needs.
- Funding Search: Successfully raised $3 million in a seed round led by Polychain Capital, Franklin Templeton, and ABCDE Capital, which will be used to further develop products and services, expand outreach, and build a stronger ecosystem.
5. Innovating and Developing Technologies
- Oracle 3.0: Introducing the concept of "Oracle 3.0," which combines Bitcoin-level security with advanced technologies to address the challenges faced by traditional oracle solutions, such as security, stability, and cost efficiency.
- Research and Development: Continuously conducting research and development to improve oracle technologies and services, as well as exploring new fields and opportunities in the crypto ecosystem.
It should be noted that the crypto world is very dynamic and rapidly evolving, so the APRO Oracle project is also continuously adapting and developing to meet the ever-changing needs and challenges. Before making investment decisions or using any services in the crypto world, it is advisable to conduct thorough research and understand the risks involved.
