👁️‍🗨️The Ojo Network

What is Ojo?

Ojo is a decentralized security-first oracle network built to securely support ecosystem-native assets.

The Oracle

The Oracle

Ojo's oracle runs as a trustless module on the Ojo Blockchain, which requires Node Operators to periodically submit price feeds or risk slashing. Each voting period, the blockchain calculates the median and the standard deviation around the median. Any Node Operators outside of this range will incur a miss, and eventually be slashed.

🤝Oracle Module

Reliability

Data Reliability

Each node independently calculates the TVWAP of each asset each voting period, and submits those votes on chain. Ojo uses 15+ data sources from CEXes, DEXes, and RWA APIs to source market data about tokens and come to consensus on the blockchain. Please read more about this data reliability below.

✅Reliability

Axelar GMP

Axelar GMP (General Message Passing)

In order to deliver reliable oracle data to EVM, Ojo uses Axelar GMP as a trusted bridge so that anyone can trustlessly relay price information to their favorite EVM blockchain.

🛡️Axelar GMP

What are the Primary Use Cases for Ojo?

Given the clear demand for a highly secure oracle amongst DeFi developers, Ojo will initially focus on providing the most accurate and reliable price feeds.