Federated and decentralized parachain oracle system
Treasury
1 Comments
Awarded
  1. 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.

  2. 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

  3. Links
    https://github.com/Phala-Network/phala-bounty-tracker/blob/master/applications/parachain-oracle.md
    https://github.com/Paraxiom/Paraxiom/blob/main/README.md

  4. 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

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Metadata
TimelineLatest activity undefined
2023-02-25 17:46:48
Proposed
Index
#59
2023-03-06 08:28:30
approveProposal
5/5
Aye(5)
Nay(0)
2023-03-06 08:35:24
Vote
2023-03-06 09:02:30
Vote
2023-03-06 09:03:42
Vote
2023-03-06 15:06:30
Vote
2023-03-06 17:50:06
Vote
2023-03-07 06:23:12
Closed
2023-03-07 06:23:12
Approved
2023-03-07 06:23:12
Executed
Result
Succeed
2023-03-07 14:51:30
Awarded
Beneficiary
Award
32970 PHA
Comments

Very exciting to see Phat Contracts powering common good parachains!
100% supporting this proposal for Sylvain and team.

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