Orcfax oracle
@orcfax
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Decentralized Oracle Feeds for Cardano | $FACT | Validating real-world data from multiple sources with full audit logs to deliver authentic & accurate data
orcfax.io
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Pinned Tweet
Orcfax’s Decentralized CNT feeds and our upcoming On-demand feeds 👀
2024 brings exciting Orcfax upgrades and optimizations to share with our community. In the article below, we share more information about our decentralized CNT and on-demand feeds.
🔗
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🚀Orcfax Token Launch and Wingriders Launchpad Celebration Giveaway! Chance to win $500 in $FACT and $500 in $WRT tokens!🚀
The Orcfax Token Launch starts tomorrow, Sep 8th 08:00 AM UTC!
Participation is simple:
1⃣Follow
@orcfax
and
@wingriderscom
2⃣Retweet this tweet
To
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1K
856
Validator License Update 📢
We clarified the destination of the license minting proceeds in the updated article—they will go to the ecosystem wallet!
📢Orcfax Validator License Announcement 📢
We are excited to announce the important details on how and when to reserve your Orcfax Validator license NFT!
Read the full announcement below 👇
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Orcfax, the Second-Generation
#Cardano
Oracle goes live on Mainnet! 🎉
We’re proud to announce that Orcfax Oracle is live on Mainnet!
The subsidized ADA-USD feed is just the beginning of our Oracle journey!
Learn more about Orcfax, our Oracle solution and what’s next, below👇
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$FACT is listed on
@levvyfinance
! 🥳
Users can now borrow & lend FACT tokens on Levvy Finance 🔥
🔗
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DefiLlama is now tracking Orcfax Oracle! 🥳
With the launch of
@Cerra_io
platform, Orcfax is listed on
@DefiLlama
DeFi dashboard. You can now track the Total Value Secured (TVS) by Orcfax.
🔗
Which Cardano project is next?
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📢Orcfax Validator License Announcement 📢
We are excited to announce the important details on how and when to reserve your Orcfax Validator license NFT!
Read the full announcement below 👇
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Orcfax Token Utility 🔧
The FACT token is used for different aspects of the Orcfax network:
🔸Network payments
🔸Validator staking
🔸Validator rewards
🔸Voting
Learn more about the Orcfax token $FACT 👇
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Orcfax 1,250,000 FACT Pioneer Campaign 🎁
Join the Orcfax Pioneer Campaign, an opportunity for our community to dive into Orcfax and earn $FACT tokens!
1,250,000 FACT tokens await, ready to be claimed by the top 500 Orcfax pioneers. One month left👀
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Looking back at 2023 - and ahead to an exciting future for validated facts!
We're thrilled to share another Orcfax Update! In this update,
@pjvangarderen
reflects on 2023 and shares a glimpse of 2024.
#Cardano
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Happy New Year Orcfax Fam!
2023 was a wonderful year for Orcfax! A few of our highlights:
🔸Very successful ISPO Pool
🔸$FACT Token Launch
🔸Launch of our Mainnet feeds
🔸Validator model reveal
We have many more exciting milestones in 2024 that we can't wait to share ❤️
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Amazing news from
@Indigo_protocol
👀
This isn't just a major milestone for Orcfax, it's a leap forward for the entire Cardano DeFi ecosystem!
#Orcfax
#BuildingOnCardano
💫 Big news! The
@orcfax
integration tests were successful, and Indigo will soon implement their decentralized oracle feeds! 💪
#DeFi
#BuildingOnCardano
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The Cardano Foundation has posted the video recording of our CEO Peter's "Let's Talk Cardano" masterclass. Check it out for a deep dive into Orcfax's mission, architecture, and project updates.
🗣️ Join us for day 3 of Let's Talk Cardano Week
Using Orcfax's decentralized oracle feeds
📆 20 December 2023
🕓 6:00 PM CET
Register 👇
@orcfax
@pjvangarderen
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Curious how the Orcfax Fact Explorer works?
Watch the video for a detailed walkthrough of the Orcfax Fact Explorer 👇
#Cardano
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Orcfax 1,250,000 FACT Pioneer Campaign 🎁
We're excited to launch the Orcfax Pioneer Campaign, an opportunity for our community to dive into Orcfax and earn $FACT tokens!
1,250,000 FACT tokens await, ready to be claimed by the top 500 Orcfax pioneers
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Orcfax proposal: the implementation of rewards for FACT holders 🗳️
All Orcfax $FACT holders are invited to vote on the first-ever Orcfax proposal. The details and reasoning behind this vote are explained in the article below 👇
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A call to all interested Orcfax Validators 📢
As we move closer to the validators' Incentivized Test Net (ITN), we shared and discussed the following important topics with our community:
🔸Maximum number of Validators
🔸Required stake in FACT for each validator
🔸How to
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Cerra, a DeFi platform building on Cardano, successfully integrated Orcfax Decentralized Oracle!
We're happy to announce that the
@Cerra_io
team integrated our Free ADA-USD Feed into the Cerra platform! Cerra utilizes Orcfax Oracle for their P2P lending platform.
#Cardano
🚨ANNOUNCEMENT!🚨
We are extremely happy to share the news that we have implemented
@orcfax
Decentralized Oracle into our platform!
This marks a major milestone as we start to shift from our own centralized oracles, which in turn amplifies our approach towards non-custodial
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Congratulations on acquiring the licenses. We're looking forward to working with you and all the other Orcfax Validators during the upcoming Incentivized Testnet (ITN).
We are proud to announce that we have acquired 2
@orcfax
Validator Licenses along with 1M $FACT tokens to run the validator nodes.
We will be participating in their ITN making us eligible for their boosted rewards.
$NVL holders will now earn $FACT tokens.
1:(2) ☁️ x 🐋
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Orcfax Update
#4
📰
We're thrilled to share our fourth Orcfax Update! In this update, we will share all the latest Orcfax activities with our community.
Dive into the update to discover our latest activities 👀
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Orcfax Token Launch in Collaboration with Wingriders’ Launchpad!
We’re thrilled to reveal that Orcfax will use
@wingriderscom
launchpad to launch Orcfax's utility token $FACT! Read the full announcement in the link below.
🔗
Wingriders' innovative
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@IOHK_Charles
Orcfax is already developing a eUTXO native oracle solution. Our ADA/USD feed has been live for months, and our protocol upgrade, which will include CNT price feeds, is just around the corner. We'd love to participate & share our learnings for how oracles can function on Cardano.
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Thanks
@cardano_whale
. We appreciate the support and are working hard to make the
#Cardano
ecosystem proud. Oracles are a big
#DeFi
blind spot. Having a well-engineered, native oracle platform is key to our eventual L1 dominance.
10/
@orcfax
is one of the premier Cardano oracles under development. They’ve open sourced the Cardano Open Oracle Protocol (COOP)
Consider staking to their ISPO for your own benefit as well as to support Cardano DeFi as a whole, we need teams like this to succeed and stay funded
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Dear Orcfax supporters,
We’d like to provide an update on the Orcfax project’s tokenomics and token sale strategy as part of our commitment to transparent business practices.
We have been working on plans for a public sale sometime in the coming 12 months. We considered DEX
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Name the Orca Contest!
Our orca is splashing around, but it's still nameless... Let's fix that with our Name the Orca Contest! Share your suggestions in the comments and stand a chance to win $FACT tokens!
Prizes:
1. Winning name: $500 in FACT tokens
2. Runner-up: $200 in FACT
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Yo Orcfax nation! So much good stuff happening in the engine room. Cant wait to share with all you OGs who followed us before we hit 3k followers. We see you.
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Did you watch the FACT explorer walkthrough?
Watch the video for a detailed walkthrough of the Orcfax Fact Explorer 👀
With almost 2000 FACT statements, what do you think the ADA-USD price will be for the 2000th FACT statement?
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V1 Comes with Multiple Feeds per TX! 🧺
Our upcoming network upgrade supports multiple oracle feeds within a single transaction. Right now, we’re publishing 16 oracle feeds with only one transaction on preview, which means we’re lowering oracle costs significantly.
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Thanks
@RichardMcCrackn
for shining a light on the "oracle problem" which exists for all L1s. The Orcfax team has been busy working on a robust mechanism to post per-block Cardano Native Token (CNT) price via our
#Cardano
Open Oracle Protocol (COOP) and Fact Explorer. Stay tuned!
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𝐎𝐫𝐜𝐟𝐚𝐱 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐥𝐢𝐬𝐭𝐞𝐝 𝐨𝐧 𝐂𝐨𝐢𝐧𝐠𝐞𝐜𝐤𝐨 𝐚𝐧𝐝 𝐂𝐨𝐢𝐧𝐦𝐚𝐫𝐤𝐞𝐭𝐜𝐚𝐩! 🎉
📍Coingecko:
📍Coinmarketcap:
#Cardano
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Orcfax data collection 🔺📢
Since the roll out of our ADA-USD / USD-ADA feed, Orcfax has committed to educating users on the critical importance of rejecting data derived from single sources and the necessity for source redundancy. Orcfax addresses both of these and avoids
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We have added 3 new primary data sources to our ADA-USD feed!
Triangulation is the bare minimum for accuracy, but we continue to create more reliable products. You can verify the data sources via .
Transparent & Verifiable.
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Orcfax Solution Overview
Orcfax is a decentralized oracle service that publishes data about real-world events to the
#Cardano
blockchain. Orcfax data is made available to on-chain smart contracts in Cardano's eUTXO native format using the Cardano Open Oracle Protcol (COOP).
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Curious about why Orcfax chose
#Cardano
?
Our founder
@pjvangarderen
breaks down 30 reasons in his article: 'Why Cardano in 2023'👇
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We are thrilled to announce that all of our Catalyst Proposals got funded in Catalyst Fund 12! 🥳🎉
Thank you so much, every one of you, for taking the time to vote and support our work ❤️
Link to the results:
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Dear Orcfax supporters,
We value your feedback and take all reasonable and serious criticisms into consideration.
We received a number of immediate reactions to yesterday’s tokenomics update announcement so we want to clarify our decision-making.
Firstly, as the Orcfax Ltd.
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Orcfax's triangulated fact statements will be published by independent community validators.
No KYC, no off-chain contracts. Everyone with enough $FACT and a validator license can be part of our validator pool; earning rewards for operating our distributed protocol.
Join us.
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Both $HOSKY and $SNEK have been added to our v1 showcase feeds on Preview ✅
Next step: Mainnet 🔥
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We agree 100% with our fellow Cardano pioneers at Charli3. Please don't confuse this Cerra product with a proper decentralized oracle network that mandates collection from multiple primary sources, decentralized data validation, median value calculation & other quality guarantees
@ShillMoBaggins
@CryptoRumours
@Cerra_io
@orcfax
Not really an oracle by the sounds of it. Just a centralized feed from the AMM. No aggregation of different sources, no external network, no security assurances.
Perhaps we misunderstand. Always open to hearing more.
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What is an Oracle?🧙♂️🪄
Oracles are the technical component in
#blockchain
architectures that deliver data about the real-world to smart contracts.
The name is derived from people in the ancient world who delivered messages and knowledge from the gods to the mortals.
🧵(1/13)
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Continuous decentralization🗳️⛓️
We have launched our ADA-USD Mainnet feed using the federated data collection process. This is just the first step in our long-term plan to ensure that
#Orcfax
is a fully decentralized service, in both technology and governance.
Following our
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Now that we've finally launched on Mainnet we plan to take a more active role in
#Cardano
community events and leadership. We enjoyed meeting many devs and users at our RareEvo booth in August. Now we can't wait to demo our oracle product at Cardano Summit in Dubai next week!
👏 We are delighted to introduce
@orcfax
as one of the sponsors of the
#CardanoSummit2023
!
Orcfax is a second-generation oracle service for the Cardano blockchain that publishes data about real-world events into Cardano transaction datum.
🎟
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Orcfax data collection ⛓️
In its initial phase of network operations,
#Orcfax
runs five collector nodes across three continents to monitor for any regional data inconsistencies. These nodes request currency pair price data from APIs provided by Kraken, Kucoin, and Coinbase.
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We've really enjoyed working with the
@Cerra_io
team on integrating our decentralized ADA/USD oracle feed as a key part of making their own
#Cardano
#DeFi
platform more decentralized and trustless. Their engineers wrote an excellent How-To for other Cardano dApp devs 🙏🏻
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Don't miss out on the upcoming
#MELDWITHUS
Twitter Space tomorrow!
Our founder, Peter, will be joining the
@MELD_Defi
Space to share his insights on decentralization, oracles, and the groundbreaking design of Orcfax's oracles!
See you tomorrow at 15:30 UTC!
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Thanks
@Cardano_CF
for a great
#Cardano
timeline poster!
We made a revision suggestion for the next version 😉 We'd say our timing looks pretty good and its obvious we're standing on the shoulder of giants. Thanks Cardano OGs and builders. Here's to an unlimited future!
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Great to see another DeFi protocol going live on Cardano!
Cerra launches its Mainnet next week and will utilize our subsidized Mainnet ADA-USD Oracle for its P2P lending product.
We're looking forward to the platform launch! 💪
6months of bootstrapped development, a failed too early public sale, numerous bear-market reactions.
And here we are!
@Cerra_io
Mainnet launch is next week!
Lets kick it
#CardanoCommunity
, the first Cardano Lending protocol that uses Decentralized Oracles, supplied from
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Orcfax is a second-generation oracle service for the Cardano blockchain that publishes data about real-world events into Cardano transaction datum.
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Thanks XRP! This is perfect timing for clarity on Orcfax's $FACT token release:
1) TGE - $FACT minted as utility token per B.V.I. law
2) ISPO - $FACT rewards allocated by protocol
3) DEX pools - $FACT distributed & priced via protocol
Well done XRP. One Small step for XRP Nation, one Giant leap for Cryptocurrencies!
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The Orcfax Oracle Vision🛣️
Any service can put data on-chain and call themselves an "oracle", but are you actually solving the oracle problem? Orcfax builds a decentralized oracle to address this problem.
Read how Orcfax envisions achieving this 👇
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Are you ready to become an Orcfax validator?
Orcfax validators are the software nodes run by a decentralized network of operators around the world. These Orcfax nodes collect, validate, publish and archive real world data on-chain for Cardano decentralized apps to use.
🧵1/n
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Our upcoming CNT feeds collect the data from the source by aggregating different DEX liquidity pools in one virtual liquidity pool. The token-to-token ratio from this aggregated virtual pool will reflect the CNT price.
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Orcfax is a next-generation oracle platform that completely decentralizes data collection and validation in a permissionless manner while providing full audit logs for the flow of data through the platform.
Are you ready to join our mission to decentralize trustworthy facts?
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The utility of the Orcfax token $FACT
Orcfax's goal is to develop a robust token ecosystem that aligns smoothly with its utility. The FACT token is used for:
1. Payment for on-demand, oracle data publication
2. Staking by our data validator nodes
3. Reward payments to
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Orcfax Architecture Audit Update!
After a thorough selection process, we're happy to announce that we've signed a contract with
@txpipe_tools
to audit our on-chain smart contracts.
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Did you know that our founder
@pjvangarderen
is an archivist and well-known developer/founder (
@artefactualsys
) in the
#digipres
community? He has led the implementation of many international standards and is now applying the same expertise to Orcfax's open oracle datum standard.
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Get ready to mint your Validator License NFT! 📅
Starting April 15, 2024, all participants with a valid reservation will be able to mint their license NFT.
Who's eligible to mint?
How will the minting process work?
More details in the coming days.
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Orcfax's V1 CNT feeds are almost here! 🎉
The launch of Orcfax V1 will include a brand-new explorer that showcases the numerous improvements we have implemented in our network.
Keep an eye on our social media for more sneak peeks!
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Great to see that $FACT can be borrowed and also used as collateral on Cerra.
Btw, thanks for using our ADA/USD feed 👍
We are live and we have a bunch of tokens that can be used as borrowable assets or collateral!
Let the action begin at
#CardanoCommunity
#ADA
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Orcfax Tokenomics
Orcfax's utility token FACT counts a total of 1 Billion tokens, minted on the
#Cardano
blockchain. A full 50% of our token supply is reserved to reward our validator node operators for collecting, formatting, validating, publishing and archiving real-world
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Summary of Wingriders' Orcfax Token Launch Recap:
The launch faced high demand, with an initial UI issue, but ultimately achieved a balanced spread of contributions.
Most participants used the UI, indicating real user engagement.
The launch was fair but tight due to high demand
An important further update about the
@orcfax
$FACT token launch, including the details of the contributions. 👇
It'd be great if
@Xerberus_io
could verify this independently too. We'll happily help.
#Cardano
#launchpad
#cryptolaunchpad
@pjvangarderen
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Orcfax Economic Model Visualized 🏭
FACT is not only essential for on-chain governance & for becoming a validator. Crucially, dApps using our decentralized data feeds will also (indirectly) pay in FACT!
This will increase the demand for $FACT as adoption of our feeds grows👇
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NEW ROADMAP! 🛣️
We couldn’t be more excited to showcase the updated Orcfax roadmap! The roadmap outlines key eras and milestones aligned with Orcfax's mission: Decentralized Oracle Feeds for Cardano.
In the coming days, we will highlight the eras. Keep an eye on our timeline.
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If you read data from one trusted source and just post that on-chain, it doesn't matter how much you validate that value, you're trusting the API source implicitly. It's Orcfax's explicit goal to deploy truly "trustless" and "decentralized" feeds that have 3+ unique data sources.
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Ready for the
#CardanoSummit2023
?
We are, and we can't wait to demonstrate Orcfax' second-generation Oracle💪
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Calling all Orcfax enthusiasts, join our community on Discord!
🔗
We can’t wait to meet you there! 👋
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Orcfax data publication 📰
Orcfax collector nodes request and cache primary source data every minute. Our ADA-USD price feed has a one hour heartbeat. It automatically posts the price once per hour, or sooner if there is a 1% deviation in price. This data is structured as
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Cost-Efficient
Orcfax reduces data feed costs by reclaiming ADA deposits for expired on-chain data. This makes data access more affordable for Dapp projects. Expired data is removed on-chain, but our explorer retains a complete audit log on a decentralized storage network.
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Orcfax uses the Liquidity Pool (LP) token-to-token ratio from different DEXes to determine the CNT price feeds. This approach removes the risk of low liquidity DEXes skewing the price to allow manipulation.
Coming to Cardano Mainnet very soon!
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$FACT on
@LenfiOfficial
👇
Token Expansion Pack
The People have spoken, and we will have:
▸ $BTN from
@butaneprotocol
as borrowable and collateral asset
▸ $FACT from
@orcfax
as borrowable and collateral asset
▸ $INDY from
@Indigo_protocol
now as collateral asset (borrowable from before)
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We can't wait to shake fins with the
#Cardano
community and introduce our free USD/ADA-ADA/USD feeds using the Cardano Open Oracle Protocol. Drop by the Orcfax booth for a demo and some stickers. Our greeters are ready.
Super excited to have
@orcfax
in the house for
#RareEvo23
! 🥳
Orcf₳x is a decentralized Cardano Oracle Feeds -- with permission-less access to data collection-validation-publication audit logs as standards-compliant archival packages.
Stop by their booth to learn more! 🤓
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Did you know that Orcfax data authenticity requirements includes the need to pull source data from 3+ independent sources and to have 5+ pool nodes making those requests independently, from different global locales, and from different server platforms?
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Happy to see
@strikecardano
integrating with Orcfax 💪
Good luck to the team building the derivatives protocol on Cardano!
We’re excited to announce our 1st partnership with Orcfax 📲
@Orcfax
will allow us to provide dynamic pricing for buying and selling options contracts, and power our perps contract’s maintenance margin and funding rate
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Our bossman made an impression in Dubai 😆
#CardanoSummit2023
was an absolute hit for the Orcfax team. Our Masterclass was very well received and we've made many new valuable connections and follow-up plans, including with the awesome
@wafflepool
brothers. Thanks
@Cardano_CF
!
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Great to see another upcoming
#Cardano
project implementing our feed!
Good luck with your IDO on Wingriders and mainnet launch.
🚀 Big news alert! Following our IDO on Wingriders, we're thrilled to announce that our team will begin integrating Orcfax Oracles into TheADA.
Stay tuned for some exciting updates! 🚀
@orcfax
@wingriderscom
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Orcfax enthusiasts!
We can’t thank you guys enough for all the support! Now we’ve reached epoch 405 the FAX pool will be closed for new and higher delegations.
Visit our Discord channel to get all the details and find out which wallets are eligible👇
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The platform looks amazing. Well done
@Cerra_io
team! Of course we love how you're disclosing your oracle data sources and your use of our ADA/USD price feed. A great example for other
#Cardano
#DeFi
products to follow.
🔥🔥🔥 Main-net is LIVE! 🔥🔥🔥
Our team is extremely happy with this milestone and the first iteration of our
#DeFi
hub. Months of hard work brought us to this point.
Our first platform version has the following products live:
✅ P2P Lending, powered
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