Swan Chain
  • BULDERS
    • Getting Started
    • DApp Developer
      • Deploying Your First Smart Contract with Remix
      • Interacting with Smart Contract on Swan Chain Using Go
    • App Developer
      • Building Docker Images and Deployment file with LDL
        • Lagrange Definition Language(LDL)
      • Deploying with Swan SDK
      • Store and Retrieve a File with Swan Storage
        • 1. Set up the python-MCS-SDK
        • 2.Create and Manage Buckets
        • 3.Upload Files and Folders
        • 4.Retrieve and Download Files
        • 5.Delete Files and Buckets
    • Node Operator
      • Swan Node Snapshots
    • Market Provider
      • Storage Market
      • AI/ML Orchestrator
        • Decentralized AI Marketplace
        • Connect to Orchestrator
      • Web3 ZK Computing Market
        • ZK Auction Engine
        • Sequencer
        • Contribute zk-UBI-task
          • How to Contribute
        • Example
      • Customized Market Provider
    • Computing Provider
      • Fog Computing Provider(FCP)
        • FCP Setup
        • Migrating FCP to Swan Mainnet
        • FCP Funding Operations Guide
        • FCP FAQ
      • Edge Computing Provider (ECP)
        • ECP Setup
        • ECP Funding Operations Guide
        • ECP FAQ
      • FAQ
    • Storage Provider
      • Storage Auction System
    • Developer Tools
      • Swan SDK
        • Python Swan SDK
          • Special Case: Create ssh login instance
          • SWAN Orchestrator SDK - Function and Parameter Reference
        • Go Swan SDK
          • A Sample Tutorial
      • Swan Console
        • Getting Started
        • Blockchain GPU Task Example
        • Custom Blockchain GPU Task Pools
      • Lagrange
      • Swan IPFS Storage
      • Nebula Block Cloud
      • Ecosystem Projects
    • Mission 3.0
      • Get Started
        • For Users
        • For Space Holders
  • NETWORK REFERENCE
    • Network Info
      • Set Up Your Wallet
      • Bridge Token
    • Contract Addresses
    • Fees
  • Core Concepts
    • Introduction to Swan Chain
    • Consensus Layer
    • Peer-to-peer (P2P) Network
    • Payment Channels
    • Service Discovery
    • Market Provider
      • Storage Market
      • AI Computing Marketplace
        • Orchestrator
        • Auction Engine
        • Bidding Task State Machine
      • ZK Proof Marketplace
        • ZK Task
        • ZK Pool
    • Storage Layer
    • Computing Layer
      • Computing Provider Protocol
      • Computing Provider Account
      • Layer3 Computing Protocol
      • Reputation System
      • Dynamic Pricing
    • CDN Layer
    • Tokenomics
      • UBI Allocation Curve
      • Computing Provider Income
      • Computing Provider Collateral
        • Collateral Requirement and Computing Unit
        • DePIN Oracle
      • Governance
        • Treasure DAO
    • Glossary
  • Swan Chain Campaign
    • Swan CP UBI
    • Swan Chain Mainnet
      • Network Information
      • Swan Token
      • Swan Chain Mission
        • Social Mission
        • Onchain Mission
        • Mission: Celestial Bloom
      • Swan Provider Campaign
        • Fog Computing Provider (FCP)
        • Edge Computing Provider (ECP)
        • Market Provider (MP)
      • GALXE Campaign
      • Free Tier and Special Credit Programs
    • Atom Accelerator Race
      • Before You Get Started
        • Set Up MetaMask
        • Claim SepoliaETH
        • Claim testSWAN
      • CP Acceleration Program
      • Builder Acceleration Program
      • On-chain Interaction Race
      • Community Engagement Challenge
      • FAQ
    • Swan Saturn Testnet
      • Before You Get Started
        • Set Up MetaMask
        • Claim Faucet Tokens
        • Bridge Tokens
      • Transaction Drive Program
      • Community and Educational Events
      • Partnership and Integration Program
      • KOL Program
      • Computing Provider Program
        • FAQ
      • Developer Grant Program
      • FAQ
    • Swan Jupiter Testnet
      • How to Participate
      • Before You Get Started
      • Network Early Adopter
      • FAQ
  • RESOURCE
    • Links
    • Brand Kit
Powered by GitBook
On this page
  1. Core Concepts
  2. Tokenomics
  3. Computing Provider Collateral

DePIN Oracle

Introduction

The Depin Oracle is a critical component of the Swan Chain network, providing reliable data aggregation and pricing for decentralized computing services. By collecting and processing information from various sources, the Depin Oracle ensures that participants in the Swan Chain ecosystem have access to accurate and up-to-date data, fostering a fair and efficient decentralized computing marketplace.

What is the Depin Oracle?

The Depin Oracle serves as a data aggregator that gathers GPU market prices from different platforms, such as vast.ai and salade.com. The gathered data is input into a smart contract daily, providing a baseline reference for the computing market within the Swan Chain network. This mechanism functions similarly to how Chainlink's pricing oracle operates in the decentralized finance (DeFi) space by delivering reliable and consistent price information to the network.

Key Functions of the Depin Oracle

  1. Data Aggregation: The Depin Oracle collects GPU pricing data from multiple platforms. By leveraging multiple data sources, it ensures that the information provided is both accurate and comprehensive.

  2. Market Price Reference: The aggregated data is input into a smart contract on a daily basis to create a trusted market price reference. This allows Swan Chain to set fair pricing for computing resources, which is crucial for decentralized computing providers and consumers.

  3. Baseline for Smart Contracts: The Depin Oracle feeds data directly into the smart contracts that manage payments and resource allocation in the Swan Chain network. This ensures that the prices for computing power are updated consistently, preventing discrepancies and enabling fair compensation for computing providers.

Benefits of the Depin Oracle

  1. Transparency: By using an oracle to provide publicly accessible data, the Swan Chain network ensures transparency in pricing. This encourages trust among computing providers, users, and stakeholders, which is essential for a decentralized system.

  2. Fair Pricing: The Depin Oracle plays a critical role in maintaining fair market pricing for computing resources. By pulling data from various platforms, the oracle reduces the risk of price manipulation and ensures that providers and consumers engage in fair transactions.

  3. Efficient Resource Allocation: The Depin Oracle enables more efficient allocation of computing resources by providing real-time price information. This means that computing providers are better able to allocate their resources in response to demand, optimizing the overall network's efficiency.

Use Cases in Swan Chain Network

  1. Decentralized Computing Marketplace: The Depin Oracle supports the decentralized computing marketplace by providing a trusted reference for GPU pricing. This ensures that computing providers can set appropriate prices for their services based on real-time market conditions.

  2. Token Issuance and Incentive Programs: By integrating market data into the network's smart contracts, the Depin Oracle also helps with the fair distribution of tokens and incentives. For example, the Universal Basic Income (UBI) tokens distributed to computing providers are based on market conditions that the oracle helps determine.

  3. Risk Management: The Depin Oracle reduces the risk of relying on a single data source by aggregating data from multiple sources. This mitigates the risk of inaccurate pricing and potential economic losses for computing providers or users in the Swan Chain network.

Conclusion

The Depin Oracle is an essential component of the Swan Chain network, providing accurate, transparent, and reliable data that underpins the decentralized computing marketplace. By aggregating GPU pricing information from multiple sources and feeding it into smart contracts, the oracle ensures fair pricing, efficient resource allocation, and reduced risks for all network participants. Ultimately, the Depin Oracle helps create a robust, transparent, and equitable ecosystem that supports the growth and sustainability of decentralized computing services on Swan Chain.

PreviousCollateral Requirement and Computing UnitNextGovernance

Last updated 7 months ago