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Oracle Swap

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Decentralized Application

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Last Updated

May 21, 2022, 03:29 UTC

Created On

May 21, 2022, 03:29 UTC

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Overview

Decentralized Exchange

NFT Marketplace

Roadmap

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Overview

Oracle Swap is an open DeFi platform on the Songbird Network. Oracle Swap plans to offer several different products such as a Decentralized Exchange (or DEX) to swap tokens and a NFT marketplace to buy and sell NFTs. Oracle Swap has also launched an NFT collection called The Oracles which sold out within a week of launching. [1] 

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Decentralized Exchange

Oracle Swap's primary product is its decentralized exchange (or DEX). This exchange is a peer-to-peer marketplace that allows users to interact and trade with each other without relying on a central authority. Oracle Swap can be used to swap tokens and earn passive income by providing liquidity to its liquidity pools. [1]

Oracle Swap utilizes the Songbird Network's technology to perform swaps almost instantly at insanely low fees. [1]

In theory any token that resides within the Songbird Network can be listed and traded within Oracle Swap. [1]

Oracle Swap's DEX uses the $ORACLE token as its native token. Users can stake the $ORACLE token within the ecosystem to earn additional rewards. [1]

Oracle Swap's DEX successfully passed an audit by Solidity Finance. [2]

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NFT Marketplace

Oracle Swap plans to offer its own NFT Marketplace. This marketplace will offer a selection of new functions that are unique to the Songbird Network. Some of these unique features include self-minting your own NFTs within the marketplace and the ability to make bids and accept offers on NFT sales. [1]

Oracle Swap's “The Oracles” NFT collection will be able to be staked within the Oracle Swap NFT Marketplace. [1]

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Roadmap

Oracle Swap has laid out a roadmap that describes their targeted launch for various elements of their product: [1]

  • Q2 2022
    • The Oracles NFT sellout
    • Airdrop of the $ORACLE token
    • Add liquidity to Oracle Swap DEX for $ORACLE token and others
    • Launch Oracle Swap
  • Q3 2022
    • Add USD prices to Oracle Swap DEX
    • Analyzer / Charts launch for Oracle Swap DEX
    • NFT Marketplace launches
    • The Oracles NFT staking enabled
    • Oracle Swap starts providing data as a signal provider on Songbird
  • Q4 2022
    • Surprise NFT airdrop to The Oracles NFT holders
  • TBD
    • Prepare for Flare Network launch and F/S Asset integrations

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References

[1]

Oracle Swap Official Website

2022-05-20T00:00:00.000Z

[2]

Solidity Finance Audit

2022-05-20T00:00:00.000Z

Timeline

Mar 10, 2022

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TLDR

Oracle Swap is an open DeFi platform on the Songbird Network. The team...

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