This article was first published on Komodo
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Synthetic Positions & Prices For Blockchain Based Financial Instruments
If a trustless oracle and a gateway to a 3rd party coin was combined and then imported to a new blockchain (with blockchain enforcement), and you were to include price feeds and pegs, what would you get?
Synthetic positions and prices. The ability to price any asset (tokenized or off-chain via data feed) in any asset. This is an on-chain prices reference for blockchain based financial instruments. This blockchain financial instruments
Komodo’s innovative peer to peer orderbooks for the atomic swap network already allowed for coin markets to exist that were not based on BTC prices. For instance, there could be KMD/ZEC prices listed. And these can be traded directly by traders.
What synthetic positions & prices gives the Komodo ecosystem is the ability to create new financial services with blockchain enforcement. Using the gateways consensus module, these services enable cross-protocol/cross-chain/cross-currency integration.
It is only one week into the development cycle, so we look forward to more news in the coming weeks.
Decentralized Market Price Feeds Graphed (Crypto/Fiat/Forex/etc.)
After the creation of decentralized price feeds with the new decentralized oracle developments, Komodo dApp tester TonyL created some quick real-time graphs for visualizing the price changes for this decentralized oracle. The price feeds cover cryptocurrencies & foreign exchange. Any market can be offered as a price feed to users on any network following trustless peer-to-peer principles.
The testing process includes 4 traces at ...
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