COTI, a number one privacy-focused blockchain platform, right this moment efficiently built-in the Oracle companies of Band Protocol on the mainnet, enabling decentralized purposes to entry facility-grade privateness in encrypted real-time information feeds.
Oracles is on the coronary heart of the Defi and Web3 ecosystem, bridging off-chain info equivalent to value provide and climate information to on-chain purposes. By integrating band protocols, COTI now gives builders a seamless solution to incorporate vital personal tamper-proof information feeds into DAPP to construct intimate, enterprise-ready options.
We now stay at COTI MainNet!
It's a pleasure to work with @cotinetwork and I'm excited to see the subsequent wave of Dapps, which can be launched on this highly effective, privacy-focused community.
Begin utilizing bands at COTI now: https://t.co/ci0azldqmo pic.twitter.com/gr0g0z2ihs
– Bandprotocol (@bandprotocol) April 11, 2025
Encrypting Oracle Feeds and institutional adoption
With COTI's distinctive privateness layer, Band Protocol encrypts commonplace datasets earlier than they’re revealed on-chain, defending delicate info from malicious actors. This end-to-end encryption permits solely licensed sensible contracts to decrypt and devour information. This can be a characteristic that addresses information confidentiality, one of many greatest hurdles for establishments contemplating Web3 deployment.
Band's protocol integration permits COTI builders to subscribe to stay value tickers ($coti, $btc, $eth) for his or her key belongings in just some clicks and tailor them to their wants. The vital parameters are:
- Replace frequency: From submanufactured intervals to hourly updates.
- Deviation Threshold: Triggers feed provided that value actions exceed set boundaries, balancing price and information freshness.
This flexibility permits groups to optimize Oracle utilization and cut back fuel prices on the chain whereas sustaining the accuracy required for stylish Defi methods.
Constructing a privacy-first Web3 ecosystem
Band Protocol is finest recognized for its Oracle options, however collaboration with COTI presents a broader imaginative and prescient. The band's cross-chaining Oracle Framework combines the privacy-on-mand with Coti's privacy-on-mand, permitting builders to soundly transfer info between EVM and non-EVM networks, facilitating use instances from forecast markets to Web3 video games.
One of many first beneficiaries of this integration is Carbon Defi, a decentralized trade of buy e book kinds constructed by Bancor. Carbon Defi's backtesting device leverages Band Oracle to acquire actual token costs for COTI, enabling merchants to mannequin and execute methods with confidence in information integrity. By counting on safe Band endpoints, Carbon Defi enriches its interfaces with vital facets resulting from dynamic buying and selling capabilities equivalent to automated order placement and technique optimization.
Band on the horizon Oracle V3
Primarily based on right this moment's milestone, Band Protocol is already deploying Oracle V3 on COTI's testnet. Upcoming Mainnet Upgrades – embellished for launch by the top of Q2.
- Quickest information supply: Cut back mission-critical feed latency.
- Low price: A streamlined structure to attenuate fuel consumption.
- Enhanced customization: Extra detailed management over feed parameters and new information varieties.
Whereas the band Oracle V3 is deployed, the COTI ecosystem will profit from a extra strong and cost-effective Oracle infrastructure. By delivering quick, dependable, tamper-proof information feeds, band protocols enable builders to construct next-generation DEFI, video games, and Web3 purposes.
