Problem statement:
The lack of an oracle primitive in the Dotsama ecosystem has been addressed with the original proposal for a federated and decentralized parachain oracle system here. Further discussion can be found here. This has prompted the development of a MVP towards creating a common good parachain, leveraging Phala's secure and private oracle system. This feature and the associated framework will be submitted with a grant application to the Web3 Foundation.
Proposal Objective:
MVP for a Common Good Parachain Oracle
Ink contract around a Phat contract
Reporter registration and feed management
Create query
Consume feed
Reporter inputs/aggregation
Direct Integration
Business logic
Reporter staking/reward/slash
Fees
Fund Feed
Reporter Phat contract
Factory Phat contract
Links
https://github.com/Phala-Network/phala-bounty-tracker/blob/master/applications/parachain-oracle.md
https://github.com/Paraxiom/Paraxiom/blob/main/README.md
Payment conditions
This is the first time collecting a bounty
This is a trial run for payment oh the first 15K milestone.
Based on the value of Phala on feb25 2023 from:
https://crypto.com/price/phala-network -> $0.1694 USD
Time spent for this payment: 59.61 h
Requested amount: $5,589.00 USD => ~32970 PHA
Funds recipient: 41ATWBzkj7cSXMCKmVBs6YFhzHbbfo7M8ysjbqCc9nHwEEhJ
Contract: Sylvain Cormier / Silvereau / Telegram: slye514
Very exciting to see Phat Contracts powering common good parachains!
100% supporting this proposal for Sylvain and team.
Edited