COTI Mainnet Welcomes Band Protocol’s Private, Real‑Time Oracle Feeds

COTI, a number one privateness‑centered blockchain platform, in the present day introduced the profitable integration of Band Protocol’s oracle service on its mainnet, enabling decentralized purposes to entry encrypted, actual‑time information feeds with institutional‑grade privateness.

Oracles lie on the coronary heart of DeFi and Web3 ecosystems, bridging on‑chain purposes with off‑chain info reminiscent of worth feeds, climate information, and extra. By integrating Band Protocol, COTI now provides builders a seamless strategy to incorporate non-public, tamper‑proof information feeds into their dApps—important for constructing compliant, enterprise‑prepared options.

Encrypting Oracle Feeds for Institutional Adoption

COTI’s distinctive privateness layer permits Band Protocol to encrypt its Customary Dataset earlier than it’s revealed on‑chain, safeguarding delicate info from malicious actors. This finish‑to‑finish encryption ensures that solely licensed good contracts can decrypt and eat the information, a characteristic that addresses one of many largest hurdles for establishments contemplating Web3 deployments: information confidentiality.

With the Band Protocol integration, COTI builders can now, with only a few clicks, subscribe to dwell worth tickers for main property—$COTI, $BTC, $ETH—and tailor them to their wants. Key parameters embrace:

• Replace Frequency: From sub‑minute intervals to hourly updates.
• Deviation Thresholds: Set off feeds solely when worth actions exceed set bounds, balancing value with information freshness.

This flexibility empowers groups to optimize oracle utilization, decreasing on‑chain gasoline prices whereas sustaining the precision required for stylish DeFi methods.

Constructing a Privateness‑First Web3 Ecosystem

Whereas Band Protocol is greatest recognized for its oracle capabilities, the collaboration with COTI reveals a broader imaginative and prescient: interoperable, cross‑chain information flows protected by privateness. By combining Band’s cross‑chain oracle framework with COTI’s privateness‑on‑demand, builders can securely transfer info between EVM and non‑EVM networks, fueling use instances from prediction markets to Web3 gaming.

One of many first beneficiaries of this integration is Carbon DeFi, an order‑ebook‑model decentralized alternate constructed by Bancor. Carbon DeFi’s backtesting software leverages Band Oracle to fetch actual‑time token costs on COTI, guaranteeing merchants can mannequin and execute methods with confidence within the information’s integrity. By counting on Band’s safe endpoints, Carbon DeFi enriches its interface with up‑to‑the‑second market information—important for dynamic buying and selling options reminiscent of automated order placement and technique optimization.

Band Oracle V3 on the Horizon

Constructing on in the present day’s milestone, Band Protocol has already deployed its Oracle V3 on COTI’s testnet. The forthcoming Mainnet improve—slated for launch by the top of Q2—guarantees:

• Sooner Information Supply: Decreased latency for mission‑important feeds.
• Decrease Prices: Streamlined structure to reduce gasoline consumption.
• Enhanced Customization: Extra granular management over feed parameters and new information sorts.

Whereas Band Oracle V3 rolls out, COTI’s ecosystem stands to learn from an much more sturdy, value‑environment friendly oracle infrastructure—cementing its place on the forefront of privateness‑first Web3 improvement. By delivering quick, dependable, and tamper‑proof information feeds, Band Protocol empowers builders to construct the subsequent era of DeFi, gaming, and Web3 purposes.