Charli3 is a decentralized oracle network built natively for the Cardano blockchain, providing secure and auditable data feeds for both off-chain and on-chain applications. It addresses the challenges of high transaction fees and scalability found in Ethereum-based oracles by offering low-congestion data streams through a vetted node consensus mechanism.
Funding
Funding not disclosed
Founders
Product
Problem
Many decentralized applications (dApps) on Cardano lack direct access to real-world data, hindering the development of robust DeFi and other on-chain services. Existing oracle solutions on other blockchains often suffer from high transaction fees and scalability issues, making them less suitable for the Cardano ecosystem.
Solution
Charli3 is a decentralized oracle network built natively for the Cardano blockchain, providing secure and auditable data feeds for both on-chain and off-chain applications. By leveraging Cardano's architecture, Charli3 aims to deliver low-congestion data streams through a vetted node consensus mechanism. The network offers a secure and reliable way of gathering off-chain and on-chain data for on-chain use cases, ensuring trustless data streams between parties.
Target Audience
The primary target audience includes DeFi projects, dApp developers, and other entities within the Cardano ecosystem that require reliable and secure access to off-chain data.
Features
- Cardano-native oracle built using Plutus code for secure and auditable data integrations.
- Vetted node consensus mechanism ensuring reliable and accurate data delivery.
- Low congestion oracle feeds utilizing reference scripts to service numerous requests from a single eUTxO.
- Free community oracle feeds providing subsidized data pairs like ADA/USD, ADA/ETH, and ADA/BTC.