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Lightspeed

Solving Crypto's Oracle Problem | Chris Hermida & Mitch Gildenberg

Feb 27, 2024
Chris Hermida & Mitch Gildenberg discuss scaling crypto's oracle infrastructure, lessons from the Mango exploit, Access Protocol's content platform, Monad's EVM compatibility, challenges in asset pricing for lending markets, securing Oracle data, permissioned oracles, and true randomness in on-chain applications.
53:46

Podcast summary created with Snipd AI

Quick takeaways

  • Switchboard protocol evolved to offer adaptable and permissionless Oracle services for diverse data feeds.
  • Various data propagation models (push, callback, pull) ensure reliable and real-time data syncing for applications.

Deep dives

Concrete Use Cases and Evolution of Switchboard Protocol

The podcast discusses the origin of the Switchboard protocol, focusing on its initial vision to support new derivative markets on emerging L1 and L2 chains. Co-founders Chris and Mitch delve into the evolution of the protocol, highlighting the shift towards a more adaptable and permissionless Oracle offering. They emphasize the importance of functions in providing higher execution capability, transitioning from quantitative data to customizable data feeds.

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