Milestone Kickoff: Oracles and Issuances

Hi all!

We’re the Oracles and Issuances team at cLabs working on launching/supporting/decentralizing oracles and leading new Stablecoin launches in the future. Today, we’d like to add our goals for clabs Milestone Kickoff.

To further promote working in the open, the cLabs Oracles & Issuances team will be working on:

Decentralization

  • Onboarding our first partner running an Oracle. To do so, this includes deploying RG contracts for payment rewards, and bug fixes as we go through our first integration.
  • Identifying our second set of partners that we can bring to a Gov Proposal and begin work to deploy.
  • If interested to host an Oracle please reach out here.

Stablecoin Support Improvements

  • Currently exploring ways to strengthen Stablecoin support and liquidity and will be sharing more information soon. So far, we have engaged in conversations to improve HummingBot to support arbitrage limitations, and we have made significant progress on defining GigaMento.

The team:
@martinvol @ninabarbakadze @pedro-clabs @nimittank

3 Likes

:wave:
Wanted to give an update on this milestone.

Decentralization

  • Finished all the RG contact and integration work that was needed to support new Oracle partners.
  • Officially submitted a proposal out to add our first Oracle Partner!
  • Proposed an updated Oracle Rewards proposal that (once approved) will leverage the ReleaseGold contract.

Stablecoin Support Improvements

  • Identified the HummingBot work needed to support the arbitrage limitations, and currently working with the Foundation to get the team funding needed to complete the work.
  • GigaMento feature definition have continued to evolve and are still being defined. @martinvol and @aleksey-nov will provide more information as those designs are flushed.

Thanks!

2 Likes