Chaos Labs Launches Decentralized Oracle Protocol Edge
Article is form Jinse
September 13, 2024
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On September 13th, Chaos Labs announced the launch of its decentralized oracle protocol, Edge, to support Solana's decentralized exchange, Jupiter. Over the past two months, Edge has served 30 billion dollars in trading volume on Jupiter. Edge is composed of three key components:
- Price: Provides highly accurate price data through an integrated risk engine powered by Chaos' advanced outlier and anomaly detection algorithms.
- Risk: Automatically adjusts parameters on-chain in real-time based on current market conditions.
- Proof: Enables secure on-chain delivery of custom data points, including reserve proofs transmitted via zero-knowledge proofs (ZKP).
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