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What is openOracle?

openOracle is a decentralized oracle protocol designed for fast, accurate price reporting with economic security guarantees. Unlike traditional m-of-n oracle designs, openOracle uses game-theoretic incentives and escalation mechanics to ensure honest reporting.

Key Features

Permissionless Participation

Anyone can report prices or dispute incorrect reports. No whitelisting required.

Economic Security

Dishonest participants lose money. The best of the network accumulate resources.

Speed & Accuracy

Based on the fastest participant, not the slowest. Sub-basis-point execution in calm markets.

Escalation Mechanics

Exponential escalation ensures disputes are economically viable and manipulation is costly.

Getting Started

1

Learn the Basics

Start with the Oracle Introduction to understand how openOracle works
2

Understand the Game

Read the Game Guide to learn how to participate as an initial reporter, disputer, or settler
3

Explore Advanced Topics

Dive into Other Considerations for in-depth analysis of manipulation resistance and edge cases