Back

Oracle Daemon to Create Suite of Network Tools for Flare

Blockchain for data, Flare, announces a strategic collaboration with Oracle Daemon, one of the original data providers for the Flare Time Series Oracle on both the Flare and Songbird networks. The new partnership aims to develop and deliver a suite of user tools designed to enhance the user experience of the Flare Layer 1 network.

There are three main components to the project:

  • Multi-Wallet Management: Oracle Daemon will deliver a multi-wallet management tool, giving users a clear overview of their balances across multiple wallets and streamlining the process of managing multiple accounts. With simplified access and enhanced visibility, users can conveniently monitor and control their crypto-assets.
  • Advanced Data Provider Analytics: As part of the collaboration, Oracle Daemon will introduce a detailed analytics tool specifically tailored to data providers. By leveraging the tool, data providers will be able to gain valuable insights into their performance metrics, including data quality, reliability, and usage. Such detailed analytics will help data providers identify optimization opportunities for their models and improve their overall effectiveness.
  • Autoclaiming Executors: Oracle Daemon will also develop new executors to automate all existing token claiming processes. These will encompass data provider rewards, validator rewards, FlareDrops, FTSO delegation rewards and escrowed fund unlocks.

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. I’m most excited about the advanced data provider analytics. Flare is the only blockchain focused on giving developers access to quality data at scale, so whatever we can do to support and optimize the data provision process will be beneficial for the whole network.”