Stellar Community Fund

By Orally Network

Orally Network

SCF #27

$48.0K

Legacy v5.0 Activation Award

Awarded

On-chainoracleswithcross-chaincapabilities.Pushandpullmodels withunlimited price feedsandcustom data feeds.

Products & Services

Orally Network is an on-chain oracle system with advanced cross-chain capabilities designed to serve as a reliable data conduit between blockchains and the external world. The system features a modular architecture that allows developers to customize it according to their specific needs, enhancing flexibility and functionality.

Orally Network addresses key challenges in blockchain data accessibility, particularly the difficulty in securely and efficiently fetching external data for smart contracts. Our solution specifically targets blockchain developers and projects that require real-time data integration from various sources. By providing verified and secure data feeds, Orally Network facilitates enhanced decision-making processes, supports complex financial applications, and enables dynamic cross-chain interactions.

Sybil - Data Fetching Module: Functionality: Sybil operates dynamically, fetching data as requested. It supports a range of data sources for price feeds, implementing filters and an aggregation mechanism to ensure data integrity and accuracy. Customization: Developers can create and list custom data feeds, choosing sources and defining the parameters for data retrieval. Security and Verification: Utilizes DKG threshold cryptography for generating verifiable proofs, ensuring that data fetched and signed by our smart contract is authenticated across networks. Example Use Case: Fetching complex price feed pairs like BTC/DOT or DOGE/SHIB, and providing side chain data for cross-chain governance, swaps, and bridges. Integration and Accessibility: Includes an HTTP Gateway for direct connection and verification, enhancing ease of use as a pull oracle model. Examples and documentation are available at Orally Network Solidity SDK.

Pythia - Automation Module: Functionality: It enables developers to set up subscriptions that trigger transactions based on defined conditions, such as time intervals or price volatility, detected through Sybil. It could be utilized as a push oracle model. Flexibility: Allows for the specification of the destination chain, contract address, and method for the transaction, facilitating tailored automation workflows.

Apollo - Request-Based Data Delivery Module: Functionality: Allows data requests directly from smart contracts on the destination chain, monitoring specific chain events and executing transactions with the requested data. Integration: Tracks and responds to data requests, ensuring timely and accurate data delivery to requesting contracts.

Utilization of Stellar and Soroban: Integration Plans: As part of our commitment to expanding our network's compatibility and reach, we are planning to integrate Orally Network with Soroban. This will allow us to bring our established oracle mechanics to the Stellar ecosystem, providing Stellar users with access to external and cross-chain data feeds. Benefits for Stellar: This integration not only enhances the functionality available on the Stellar network but also opens up new possibilities for smart contract development and inter-chain communication within the Stellar ecosystem.