Introducing eoracle

Mar 27, 2024

Ethereum has emerged as one of the most transformative technologies of the 21st century—a credibly neutral platform rooted in decentralization to support permissionless innovation and revolutionize human coordination.

Leveraging the groundbreaking advancements in Ethereum's proof-of-stake and EigenLayer re-staking technologies, eoracle is set to revolutionize the oracle space.

Our mission is to create the first Ethereum-native oracle designed to equip decentralized application developers with native security and real-world connectivity.

The missing piece of Ethereum aligned infrastructure

Over the past decade, the Ethereum community has made significant advancements toward realizing its shared vision of being scalable and secure, but also remaining decentralized. Yet, current solutions to the oracle problem remain out of step with Ethereum's foundational values. Although oracles stand as one of the most important pieces of Ethereum infrastructure, the oracle landscape is trending towards a monopoly, with corporate-dominated oracle services holding most of the power and influence. Ethereum application developers deserve to have an oracle that can give them similar cryptoeconomic security guarantees that they receive from the network's L1 settlement layer, and the expansive set of L2 execution environments.

Introducing eoracle

eoracle is the first Ethereum-native oracle designed as a modular and programmable data layer secured by Ethereum and built with EigenLayer. Offering decentralized applications native security with real-world connectivity and off-chain compute, backed by restaked ETH and the decentralized network of Ethereum validators.

The eoracle network, spawned from the innovative spirit of the Ethereum community and EigenLayer, will help usher in a new era of cryptoeconomically secure price feeds, eventually leading to a fully decentralized, permissionless, and credibly neutral data and computation marketplace.

The oracle end game

The use and demand for off-chain data will change drastically in the next few years. New use cases will arise, different types of data will become relevant on-chain, and the vulnerabilities from this evolution will dictate new and complex security measures. The answer to the question of how some crucial piece of data is being aggregated, secured, priced, and incentivized is not a static one.

eoracle transcends these constraints through the power of permissionless innovation and open market dynamics. We envision a marketplace for decentralized data and computation, not confined by corporate-owned black box solutions. eoracle is set to cultivate a permissionless ecosystem, grounded in the principles of perfect competition, where supply and demand naturally align.

Join us in shaping the future of Ethereum connectivity

eoracle invites every innovator, developer, and advocate in the Ethereum community to join us on this journey to redefine the oracle landscape, ensuring the values of decentralization, security, and credible neutrality are upheld.

  • Stay up to date with the latest updates, follow the eoracle X account.
  • Get involved in the community by joining our Discord.
  • Learn more about the eoracle technical architecture on our Gitbook.