Chaos Labs Launches Edge Oracle, an On-Chain Risk Analysis Platform
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September 13, 2024
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Edge Oracle Network: A Risk-Aware Decentralized Oracle
Chaos Labs, a leading on-chain risk analysis platform, has announced the launch of Edge Oracle Network, a risk-aware decentralized oracle. Edge Oracle dynamically and real-time adjusts on-chain risk parameters to improve DeFi platforms' responsiveness and efficiency in volatile markets. It also supports secure on-chain delivery of custom data points.
Chaos Labs states that Edge has already gone live and processed over $30 billion in transactions. It is the primary oracle for Jupiter, powering over 60% of Solana's derivatives trading in the past two months.
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