56 subscribers
با برنامه Player FM !
Niklas Kunkel: Chronicle – Ethereum's First-Ever Oracle
Manage episode 379042123 series 1652309
Back in 2017, there was no DeFi as we know it today, yet MakerDAO were already envisioning and building towards what they thought to be a certainty. The backbone of DeFi is represented by stable coins, and MakerDAO quickly understood this: they set out to build a decentralised stable coin, $DAI (and its precursor $SAI). Being collateral-backed, the smart contract needs to know the value of that collateral, but any off-chain price data is not readily available on-chain. This is where oracles come in and provide data feeds on-chain. MakerDAO’s internal oracle has been active since 2017 on Ethereum and has recently branched out, forming Chronicle. By using aggregated Schnorr signatures, Chronicle solves the problem of oracle cost-efficient scaling.
We were joined by Niklas Kunkel, founder of Chronicle, to discuss the challenges and tradeoffs that oracles regularly face, and how Chronicle is solving them, continuing the ethos of early MakerDAO.
Topics covered in this episode:
- Niklas’ background and the early days of MakerDAO
- How MakerDAO evolved over time and the adoption of DAI
- MakerDAO’s core principles
- Why Chronicle branched out from MakerDAO
- Oracle challenges & tradeoffs
- Oracle validators
- Business model for oracles
- Providing oracle services to different blockchains
- Schnorr signatures
- Chronicle’s supported chains and oracle offerings
- Real-world assets (RWA) and credit delegation
Episode links:
This episode is hosted by Sebastien Couture & Felix Lutsch. Show notes and listening options: epicenter.tv/516
611 قسمت
Niklas Kunkel: Chronicle – Ethereum's First-Ever Oracle
Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Manage episode 379042123 series 1652309
Back in 2017, there was no DeFi as we know it today, yet MakerDAO were already envisioning and building towards what they thought to be a certainty. The backbone of DeFi is represented by stable coins, and MakerDAO quickly understood this: they set out to build a decentralised stable coin, $DAI (and its precursor $SAI). Being collateral-backed, the smart contract needs to know the value of that collateral, but any off-chain price data is not readily available on-chain. This is where oracles come in and provide data feeds on-chain. MakerDAO’s internal oracle has been active since 2017 on Ethereum and has recently branched out, forming Chronicle. By using aggregated Schnorr signatures, Chronicle solves the problem of oracle cost-efficient scaling.
We were joined by Niklas Kunkel, founder of Chronicle, to discuss the challenges and tradeoffs that oracles regularly face, and how Chronicle is solving them, continuing the ethos of early MakerDAO.
Topics covered in this episode:
- Niklas’ background and the early days of MakerDAO
- How MakerDAO evolved over time and the adoption of DAI
- MakerDAO’s core principles
- Why Chronicle branched out from MakerDAO
- Oracle challenges & tradeoffs
- Oracle validators
- Business model for oracles
- Providing oracle services to different blockchains
- Schnorr signatures
- Chronicle’s supported chains and oracle offerings
- Real-world assets (RWA) and credit delegation
Episode links:
This episode is hosted by Sebastien Couture & Felix Lutsch. Show notes and listening options: epicenter.tv/516
611 قسمت
همه قسمت ها
×
1 Initia: Incentively Aligned Appchains - Ezaan Mangalji, Anil Lulla & Jose Maria Macedo 1:02:08

1 Ethereum Foundation: Humanity’s Shared World Computer - Hsiao-Wei Wang & Tomasz Stańczak 1:10:21

1 Taiko: Scaling Ethereum in a Decentralised Manner - Joaquin Mendes 1:08:05

1 Mysten Labs: How Sui Leverages Move to Build the Composable Web3nternet - Adeniyi Abiodun 1:03:09


1 Tally: The Software Layer for Tokenized Organizations - Dennison Bertram 1:01:21


1 Lido V3: Ushering in Institutional Staking Through stVaults - Hasu 1:19:32


1 Solana: From On-Chain Nasdaq to the Pump Fun Craze - Anatoly Yakovenko 1:18:28

1 Build on Bitcoin: Combining Bitcoin's Security With Ethereum's Versatility - Alexei Zamyatin 1:10:10

1 Puja Ohlhaver: Why Community Currencies Are Crucial for Governance in DeSoc 1:04:42

1 Nevermined: Payment System for the AI Agentic Economy - Don Gossen 1:04:38

1 Turtle Club: Helping Web3 Users Monetize Their On-Chain Activity - Esfandiar Lagevardi 1:09:25

به Player FM خوش آمدید!
Player FM در سراسر وب را برای یافتن پادکست های با کیفیت اسکن می کند تا همین الان لذت ببرید. این بهترین برنامه ی پادکست است که در اندروید، آیفون و وب کار می کند. ثبت نام کنید تا اشتراک های شما در بین دستگاه های مختلف همگام سازی شود.