Flare Network Partners With Oracle Daemon to Improve UX
Flare, a blockchain platform for data, and Oracle Daemon, one of the first data suppliers for the Flare Time Series Oracle on the Flare and Songbird networks, have formed a strategic partnership. The collaboration’s end goal is to improve the Flare Layer 1 network user experience through the creation and distribution of a set of specialised user tools.
What the partnership brings
Oracle Daemon is an independent group of developers creating decentralised applications. The result of the partnership is a decentralised, scalable Layer 1 for Flare Flare to provide information to developers. It provides low-cost, highly scalable access to a wider variety of high-quality data using protocols integrated into the blockchain rather than layered on top of it.
David Pangerl, CEO & Founder of Oracle Daemon, said, “We have been building on Flare from the start and with this collaboration we will develop a number of important new tools to benefit the growing network.”
The collaboration’s end goal is to improve the Flare Layer 1 network user experience through the creation and distribution of a set of specialised user tools. The project consists of three key components:
Multi-Wallet Management: Oracle Daemon will provide a multi-wallet management tool, which will provide customers with a consolidated view of their holdings across all of their wallets and simplify the process of maintaining multiple wallets. With less friction and more insight into their crypto holdings, investors can manage their portfolios with ease.
AdvancedData Provider Analytics: Oracle Daemon will release a comprehensive analytics solution designed for data providers as part of the partnership. Data providers can improve key parameters, including data quality, reliability, and utilisation with the help of this instrument. Data suppliers can increase their models’ overall efficiency with the aid of such in-depth analytics.
Autoclaiming Executors: Oracle Daemon will create new executors for autoclaiming all tokens in order to streamline the current manual operations. These will consist of unlocks for escrowed funds, prizes for data providers, rewards for validators, FlareDrops, and rewards for FTSO delegation.