About Modefi

Our mission is to provide truly decentralized, secure, precise and inexpensive oracle solutions for all off-chain data, on-chain.

What is a
Blockchain Oracle?

Oracles provide the connection between real world data and the blockchain. They turn external data into a format that smart contracts can understand, while validating that the information is valid and correct. Through the use of oracles, smart contracts can be triggered by external events.

What is the
Oracle Problem?

There are numerous interpretations of what an Oracle problem really is. The largest concern when it comes to any type of Oracle is the level of Centralization. Centralization leads to the potential of attacks or falsified data. That is why there is a need for complete transparency, which is nearly impossible in most cases.

How is Modefi
solving the Oracle problem?

The issue here is the "Oracle Problem" may never be 100% solved, ever. Our approach to this is very unique and has never been accomplished before. Our Oracle Aggregator allows developers and projects the ability to obtain decentralized, precise, secure and high frequency data through fully trustless smart contracts.

Find out more about the Oracle Aggregator here

Another piece to the Oracle problem is obtaining uncommon data on-chain. This can typically be difficult to do in a decentralized manner while keeping costs and turnaround to a minimum. Modefi's On Demand Oracle will provide users with a simple interface to do just that.

Learn more about the On Demand Oracle here.