Chronicle Protocol – Decentralized and transparent oracle infrastructure | Fundamentals ep.69

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In this episode of the Fundamentals podcast, we’re joined by Niklas Kunkel, the Founder of Chronicle – an oracle service born out of MakerDAO’s Oracle Core Unit that will be launching publicly in September 2023.

Listen to the episode

To cover the basics, oracles are decentralized networks that bridge critical information from the real world to the blockchain.

Chronicle currently provides exclusive support to MakerDAO’s total user deposits of $5.2b, meaning that it has captured a 22% market share of the total value secured by oracles, making it the second largest oracle behind Chainlink.

In this episode with Niklas, we discuss what Chronicle is and the story behind it, how it works, and what sets it apart from other oracle solutions on the market. We speak about ensuring hyper-scalability and ensuring the security of the protocol after which we cover Chronicle’s business model, quantify the market opportunity at hand, learn about the team behind the protocol, and hear what Niklas thinks will be the biggest drivers and challenges related to growth.

Finally, we speak about how Chronicle’s relationship with MakerDAO will develop going forward, and what we can expect to see coming out of Chronicle Labs over the next few months.

Check out the Chronicle Dashboard:

00:00 Introduction
01:42 Chronicle’s mission
04:10 From MakerDAOs Oracle Core Unit to being the Chronicle Protocol
07:27 Maker-grade quality
08:39 Chronicle’s position within the market & unique selling propositions
14:59 Achieving hyper-scalability with Scribe: a 66% reduction in gas usage
26:09 Chronicle’s approach to building a truly secure protocol
28:26 Chronicle’s business model
Quantifying market potential
The team behind Chronicle
40:01 What will Chronicle’s relationship with MakerDAO be like going forward?
42:39 Expected challenges and growth drivers post-launch
45:04 The biggest learnings Niklas has taken away from his time building in crypto
48:24 Upcoming milestones: Scribe, RWAs, and expansion

This episode is sponsored by Chronicle Labs.

The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

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