๐Ÿ‘๏ธโ€๐Ÿ—จ๏ธThe Ojo Network

What is Ojo?

Ojo is a decentralized security-first oracle network built to securly support ecosystem-native assets. Ojo sources price data from a diverse catalog of on and off-chain sources and use advanced security mechanisms to guarantee the integrity of the data it provides.

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As a layer one decentralized blockchain, Ojo is able to deploy price feeds into every ecosystem and is compatible with all IBC, EVM, and MoveVM blockchains. Currently Ojo is largely available in the Cosmos, but ojoโ€™s team of engineers are constantly focused on crafting, maintaining, and improving Ojoโ€™s data feeds so other builders can focus on... building!

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Why Was Ojo Created?

As Umee, the first and largest lending hub in the Cosmos Ecosystem, was being built out, core engineers noticed the lack of an easily usable native oracle they could easily tap into for secure and reliable price data on a wide range of assets. Since accurate price data is incredibly important for a leverage protocol sensitive to even the smallest price movements, Umee's team introduced enhanced oracle security features which attracted the interest of several other builders in the space.

Ojo is essentially the evolution of Umee's native price feeder built as its own sovereign chain optimized to provide the highest quality data feeds available. As a data hub for ecosystem-native data, Ojo will provide a wide range of custom built data feeds to cater to the individual needs of its consumers. Ojo was created to provide the accessible, reliable, and trustless data feeds needed to support the growing web3 data economy.

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. Because of Ojo's Smart Oracle, it is able to support assets which other oracles aren't able to.

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