Zap Protocol is using bonding curves to provide instant liquidity to businesses, communities and individuals who wish to create decentralized oracles. Then the platform provides them with a fully-liquid marketplace to buy and sell said oracle tokens immediately, without the need for market makers. Allowing them to raise capital, by combining API calls and decentralized finance (DeFi) into one.
What Are We Discussing Here?
As somebody who is recently discovering the Zap protocol, I am absolutely astounded by the potential this project possesses. With an extremely hard working team, an ever present community, and the guidance of Co-Founder Nick Spanos — an original pioneer of the Bitcoin space, it is easy to see why this project is growing immensely, and at an astounding rate since its launch in January of 2019. My goal in writing this piece is that we both gain a better understanding of how the Zap Protocol can make it easier than ever before to tokenize oracles that are able to utilize any endpoint, and begin trading them immediately. Without the need for ICOs, exchange listing fees and market makers. All thanks to a fairly new concept called bonding curves!
What Even is a Bonding Curve Anyway?
The terms ‘oracle’ and ‘bonding curve’ are relatively new to the blockchain community, and are an extremely relevant development in the DeFi space. An oracle is a device or entity that connects a deterministic blockchain or smart contract to interact with API calls, from the off-chain and even on-chain world. A bonding curve is an algorithmic market maker that generates secondary tokens with a value based on a floating, predetermined, price point. In the case of Zap Bonding Curves, tokens are generated by bonding Zap to the bonding curve’s contract. Bonding can be thought of as using Zap to buy the secondary token that is associated with the specific boning curve. While bonding curves and oracles are not unique to the Zap ecosystem, the simplicity of Zap’s Oracle template makes it easy enough for the technically inclined to create their own oracle. Accessibility is what sets Zap a step above the rest.
How Does This Pertain To Your Needs As A Business or Individual?
Now that we understand those two terms, and how Zap applies them to its ecosystem, it becomes clear that the future potential of the Zap protocol is extremely overwhelming. For example, say you need to aggregate API calls from your own or third-party sources, providing data on markets, other blockchains, or anything else you can think of, for more precise datasets. The Zap protocol allows you to do so, and then immediately trade that data, with instant liquidity, to other users who may need that data as well. With Zap there is no longer any need to pay exchange listing fees to get started trading oracle tokens, and raising capital for your own projects, immediately!
Where Do I Begin?
If you’d like to learn more about how to get started, I recommend visiting Zap.org and reviewing their FAQ section. There are also plenty of active community members across multiple social media platforms ready and willing to help answer your questions at all times.
My Conclusion:
The Zap protocol will change the way companies raise capital, and share data feeds with one another. By allowing users to monetize their data, immediately, I believe Zap has forged out a permanent and quite valuable position, in the blockchain space. With a dedicated team working hard, around the clock, on new features and improvements, like their upcoming UI 2.0 update, I am confident that this project is nothing to take lightly and I will be keeping in the loop about any new developments from the Zap team.
Website: Zap.org
Twitter: @ZapProtocol
Discord: discord.gg/pvHzemX
Telegram: t.me/ZapOracles
Reddit: r/ZapProtocol
Facebook: @ZapProtocol
Instagram: @ZapProtocol
Medium: The Zap Project
LinkedIn: Zap
GitHub: The Zap Project
*DISCLAIMER: These are merely my own observations and is in NO WAY meant to be construed as financial advice.
