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Oracles are important. They are a key part of the data displayed to you every time you make a swap on Uniswap. They are a key part of the data displayed to you every time you track your favorite coin to time and buy your sells with TA on Dextools. They help provide all the necessary data to smart contracts like real-time price data to make swaps possible.
Through aggregating data from the blockchain and verifying its validity, oracles act as middle-men between dapps and the blockchain. The luxury of buying BTC, ETH, LTC, ADA etc with the tip of your finger on any dex, with real-time prices, would not be possible. They should be considered critical blockchain infrastructure by investors because they are necessary for the markets driving blockchain to function properly.
In one of my prior posts, I wrote about Charli3, Cardano's decentralized oracle, and why I think it's going to be successful. Today I'd like to share an update about Charli3 and a few project partnerships for data feeds that I believe shows the direction this project is headed in in the long run. Charli3's partnerships are coming in quick, and being birthed on the Cardstarter platform allows them access to many "likely to succeed" platforms, as well as the normal inquiries for data feeds it receives from projects on Cardano and other blockchains.
Are you playing games with me?
Netvrk
Netvrk is an open-world VR, cross-chain, social creation platform. This Project looks epic. Especially because it's chain agnostic. Users can create their own VR worlds and monetize them. Imagine building your own custom vr battlefield inside a game, and then monetizing it for passive income, or Imagine building your Dream home inside a video game...and then selling your digital home to help buy the real thing ??. The possibilities of this chain are endless, with a lot of charity purposes coming to mind right off the top of my head
A brief synopsis can't do this project justice, especially with my keyboard mashing ??
Give no permissions
ADAX
Adax is a decentralized exchange and AMM on Cardano. It aims to be state of the art, and to become the self-described "unicorn of cardano". Adax requires no custody of your coins at any point to trade, unlike uniswap where you must give permission to the protocol to spend your crypto. You stay in control of your funds at all times. In this way, users can trade in a more secure manner, and prevent access to your crypto from protocol hacks and inducing loss.
The fees on Cardano are low to begin with, but Adax just sweetens the pot. There is a 0.3% Swap fee. The distribution is split between 0.175% for the taker, and 0.125% for the maker on all trades. That fee goes straight into the liquidity pool. Adax does not charge any sort of platform fee.
Adax even has an ERC20 Converter built right in, so creators of coins or businesses can port their coins over to the Cardano ecosystem, and are free to port back at any time with a few clicks.
This is my favorite project as far as DEX platforms on Cardano. Nothing against Cardstarter, but Adax is my choice of DEXs that I cant wait to try.
Maybe you have a green thumb?
VY Finance
Vy finance is a decentralized finance protocol and DEX built on Cardano. Vy seeks to make DeFi accessible and uncomplicated to the ordinary person by simplifying the processes involved in it, and to reduce the risks of using decentralized finance using their proprietary Neural net. The Neural net is a tool for the management of impermanent risk across multiple pools of liquidity, and should only add to the safety of using Vy to yield farm.
Vy is a candidate for one of the projects I'm watching very closely for investment. It's using a 2-layer strategy consisting of a dex and an automated harvester to make things easy, and using the neural network to make things safe. Vy also comes from the people that built Propella AI, so has me quite interested in . Unfortunately, I missed the boat on this airdrop, but it might be a nice addition to my portfolio depending on how the project develops in the months before the Cardano main net.
Conclusion
I want to make my conclusion on this one a bit different. I'll leave you with my opinion of Charli3 and how I view it, but the conclusion of what direction Charli3 is headed is up to you to decide. Proper research into projects must be done by you, and only you for continued success in investing.
I personally like Charli3 as a project. I think it has a lot of advantages that make it a prime candidate to excel when the Cardano main net launches. It has access to any project on Cardano's "premier" project funding platform, and the ability to connect to other networks. Charli3 also seems to be partnering with companies fast, which is a good thing. To me, these are great features, and I can see them driving up the demand for Charli3 and it's C3 token quite nicely. That being said, this is by no means advice to invest in this company or any company discussed in this article, or to "ape" into coins without doing your own research ??
Thank you to the 85 people who have followed me, and thank you everyone who liked, tipped, and signed up for REVUTO on my last article. A year after joining, Publish0x, and the PUBLISH0X community still continue to astound me ??
