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...