Aletheia - Inflation Oracle
An inflation oracle that uses a decentralised network of feeds to determine the global/local inflation. Feeds scrape pre-determined online retailers data and inform the oracle of the changes in prices of those items. It's designed so that it's crypto-economically secure.
Problem Statement
The project is currently at its infancy, but it's 3 distinct things:A feed agent that scrapes online prices to gauge the inflation of a particular national economyA decentralized Oracle that is based on the aforementioned agents to present the values inside the Ethereum blockchain, in a decentralized and crypto-economically secure mannera DeFi platform that uses inflation, as a data-point, to offer financial products (e.g inflation-adjusted vaults, etc.)Currently, the agent feed is perfectly defined and ready to be developed, the decentralized oracle needs some refinement around its mechanism design (MEV implications, etc.) and the DeFi platform is completely undefined.
Solution
The feed agent is coded in rust. It's a modular design that:Reads the scraping targets + inflation computation taxonomy from a pre-determined targetScrapes the URLs daily and computes the daily inflation indexComputes a proof for the aforementioned computationStores the raw data in a retrievable mannerOutputs a package with the aforementioned data structuresThe decentralized oracle is a set of smart contracts that organizes the feeds. The mechanism design needs refinement.
Hackathon
HackMoney 2021
2021
Contributors
- odyslam
17 contributions