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Oracle Ecosystem Initiative
1. Establish an ecosystem-wide solution for oracles accessible in three distinct environments: Substrate (Polkadot SDK), EVM and WASM. 2. Provide price feeds for all Polkadot and Kusama assets, other popular crypto assets and Real-World Assets (RWA). 3. Establish an ecosystem-wide solution with these integrations that can be leveraged by every Polkadot-based project, utilizing a third-party audited solution. 4. Provide support to projects to integrate price feeds into their environments. 5. Add support for new asset classes as price feeds. 6. Provide access to larger off-chain compute resources for additional use cases.
Current Progress and Comments:
As of December 20th 2023, there was only one oracle previously implemented on the Chainlink pallet which was discontinued at the time of this proposal. Additionally, Pyth started a discussion about the implementation of the Pyth pallet on the Polkadot-sdk for 2.5M dollars (Original: https://polkadot.polkassembly.io/post/1955, Archived: https://archive.ph/eFXW6). The Acurast project, additionally, is aiming to become more than just an oracle with a full suite of tools and products trying to build an infrastructure for decentralized decentralized cloud. Given the nature of the project, the quality of the team and the need for these developments on Polkadot, it gathered support from most active votes making it execute in a relatively fast manner.
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