Stellar Community Fund

Products & Services

Reflector is a decentralized price feed oracle network for Stellar DeFi smart contracts.

Price provider feed is managed by a network of trusted nodes controlled by reputable organizations. Each of them continuously monitors Stellar network for new trades to determine fair prices for every tracked asset. The account which controls oracle price feed contract, is protected by M-of-N multisig, so any price update or contract code modification requires a confirmation from the majority of the participating organizations.

Nodes periodically generate transactions to update the price feed contract internal state with new prices. Those transactions get broadcasted to other peer nodes to aggregate signatures. Since all servers run the same codebase and take snapshots at predefined timeframes, the generated update transaction should be always identical for all servers, unless they are lagging significantly behind the consensus. Once the transaction gathers enough signatures to match the threshold, it is submitted to Stellar network. Consequently, fresh price data becomes available to all consumers.

Consumer contracts can fetch price data for any asset tracked by the oracle following the recently proposed oracle interface SEP. Aside from standard methods that allow retrieving price only designated in a base asset, we also provide automatic cross-price calculation for any pair formed by two arbitrary assets quoted by the oracle and automatic TWAP over the requested range.

We focus on trust, relying on proof-of-authority consensus instead of widely used proof-of-stake. Utilization of the built-in Stellar multisig mechanism leverages the time-proven security of the mainnet instead of some in-house brewed consensus mechanism.

Storing the data in the oracle contract provides many advantages compared to other architecture based on request-response model: immediate data availability in consumer contracts, low fees, straightforward invocation, efficient ledger utilization.

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Previous Project(s)

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Progress so far

Both StellarExpert and Albedo (which were awarded SCF grants several years ago) are mature and well-established services. We keep supporting them and make sure that they will continue to evolve alongside with Stellar.

Goals

To get there, we request a budget of

148,840

to:

Additional information

Pitch deck

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Deliverables

First Deliverable

Smart contract with public price feed interface and administration/governance functionality

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How can a reviewer check you completed your first deliverable?

- Read the Oracle Consumer Interface SEP proposal

- Check our contract implementation and usage examples (in the /examples subdir)

- Ensure that the smart contract implementation matches Oracle Consumer Interface proposal and also contains functions for administration/governance logic

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Links:

Team

OrbitLens (@orbitlens)

Tech lead

Github / Twitter

Hawthorne (hawthorne#7187)

Smart contracts artisan

Github

We run Stellar validator nodes and maintain services like StellarExpert, Albedo, Refractor...

The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on December 5, 2022 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.

*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on July 5th as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)

**The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on December 16, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)

*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on September 27, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)

* The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the date of transfer as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)

*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.

*This budget request has been awarded to the project in XLM. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.