CKB Eco Fund has reached a strategic cooperation with APRO Oracle, which will help it launch BTC native (BTCL1) price Oracle Machine.

2024-08-07 12:00:00

Abstract generation in progress

According to official sources on August 7th, CKB Eco Fund has reached a strategic partnership with APRO Oracle to assist in launching an Oracle Machine specifically designed for the BTC Layer 1 ecosystem. This Oracle Machine service will use UTXO Stacks to provide real-time price data for Stable++ Algorithm Stablecoin, providing real-time and accurate CKB and BTC price data. Stable++ is an innovative Stablecoin protocol based on the CKB blockchain, which uses an over-collateralization model to ensure that each coin is supported by higher-value assets, providing a key advantage. APRO Oracle is a Decentralized Oracle Machine network tailored specifically for the BTC ecosystem, dedicated to aggregating and generating price data. By integrating with the multi-functional Layer 1 blockchain Nervos CKB, APRO Oracle provides a powerful and secure price Oracle Machine solution, breaking through the limitations of traditional Blockchains centered around coins (such as BTC). Currently, it has integrated 15 underlying public chains, supporting over 100 kinds of assets, and has over 100 BTC ecosystem partners.

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