Promise and Problems of the DeFi Oracle — When Data Fails

Decentralized Finance (DeFi) has had a meteoric rise over the last year. This spectrum of protocols and projects all hinges on the ability of code to replace trust. However, what happens when the data fails? Sponsored Sponsored In the world of traditional finance, we typically rely on the banking system as an intermediary to execute … Read more

Nervos’ L2 Polyjuice Integrates with Band Protocol to Foster dApps Ecosystem

We are excited to announce that Band Protocol and Nervos Network have completed another milestone: Band Oracle is now live on Polyjuice testnet, a layer 2 solution on top of Nervos CKB, after integrating successfully onto their layer one. This partnership is a further step in completing the shared vision of a secure and scalable … Read more

Band Protocol September 2021 Community Update

Dear Band Community, September 2021 marks a milestone for the year, not only with BandChain’s milestone of crossing over of the 10 million requests but also with the successful mainnet upgrade of BandChain Phase 2: Laozi. While last month’s focus was on the migration, we had also partnered with Boba Network and participated in MetaBUIDL, … Read more

Moonriver Bolsters its Ecosystem Scalability through Band Protocol Integration

Moonriver, the Ethereum-compatible, smart-contract parachain on Kusama with over 230M TVL, has completed the integration with Band Protocol to bring decentralized and scalable oracle infrastructure to its ecosystem. This is an important milestone to Band Protocol’s collaboration with both Moonriver and Moonbeam which is Moonriver’s companion network on Polkadot. It also marks the first of … Read more

BCIP-4: Enable IBC Oracle Official Proposal

With the recent successful launch of BandChain Phase 2, Laozi, we are ready to enable one of our key features of the upgrade: IBC. We are excited to share that the core Band Protocol development team has submitted a new BandChain Improvement Proposal (BCIP-4) to propose enabling the oracle requests through IBC. If this proposal passes, … Read more

BandChain Phase 2: Successful Mainnet Launch

Band Protocol has successfully launched BandChain Phase 2 on the Mainnet, upgrading from GuanYu to Laozi which supports streamed revenue for data providers and IBC integrations. The BandChain Phase 2 upgrade enhances all facets of the decentralized oracle network to consistently provide reliable external information to the rapidly growing demands of blockchain applications, decentralized finance, … Read more

Band Protocol Integrates With First Optimistic Rollup Platform Boba Network

Boba Network (Enya), previously known as OmisegoX, has partnered with Band Protocol to bring secure decentralized oracles to their layer-2 optimistic rollup platform to build a more trusted and scalable Ethereum ecosystem. Founded by Stanford faculty and alumni, Enya creates decentralized infrastructure solutions to serve the growing demands of blockchain applications and the next wave … Read more

BCIP-3: BandChain Laozi Mainnet Official Upgrade Proposal B

With the launches of the Laozi Testnet #1–4 and stable network performance over the past months, we are ready to move on to the final step before the launch of BandChain Phase 2. We are excited to share that the core Band Protocol development team has submitted a new BandChain Improvement Proposal B (BCIP-3) to … Read more

Whitepaper Digest #3: Decentralization, Validity and VRF

Band Protocol is bringing a never seen before decentralized data economy to life with BandChain Phase 2. By creating an autonomous marketplace for institutional-grade data providers and the users, decentralized applications, Band Protocol is reducing the barrier to entry for enterprises and broadening the horizons of data availability for the growing demands of blockchain applications. … Read more

Band Protocol August 2021 Community Update

Dear Band Community, August has marked another month of significant progress for Band Protocol with rigorous migration tests in the lead-up to the BandChain Phase 2 Mainnet launch. During this time, we have also partnered with six major DeFi and blockchain platforms that are using Band Protocol oracles in production to secure hundreds of millions … Read more