Core Features
Chunk's Approach
Decentralization & Efficiency
Chunk integrates decentralized techniques such as multi-signatures, threshold signatures, and multiparty ECDSA, enabling multiple parties to construct price feeds off-chain.
On-Chain Data Compression
Advanced data packing methods allow for high-level on-chain compression, consolidating several metric updates into a single contract storage slot, instead of using one slot for each update. This process significantly reduces gas costs.
Robust Specifications
Designed to eliminate single points of failure, our system includes security features that enhance reliability. By coordinating through a side network, we foster a more secure and trustworthy solution.
Interoperability & Innovation
Pioneering the integration of RWAs (Real-World Assets), we deliver reliable, fast, and affordable data feeds. This is further exemplified by our extensive cross-chain interoperability, connecting private blockchains, public chains, and Layer 2 solutions.
Assets Coverage
Adding any asset is swift and simple on Chunk. By the moment the oracle provides data feeds for assets like stablecoins, tokens, Compound tokens (cTokens), Yearn Vaults, Sushiswap LP tokens, Uniswap LP tokens, Uniswap V2 LP tokens, 3Pool LP tokens (3crv), Curve LP as well as real-world assets (RWAs) like stocks, bonds, and commodities. This diversity unlocks new possibilities for DeFi innovation.
Network Coverage
Chunk oracles are designed to integrate with any EVM-compatible network, ensuring seamless functionality and broad compatibility across various blockchain environments.
Detailed Prices feature
Validators typically provide prices without clarifying their components or origins. Chunk changes that.
The concept of Detailed Prices Layer:
Component Insight
- Reveals the individual elements contributing to the final price, offering a clear understanding of each part.
Source Transparency
- Details exactly where each price comes from, including the specific exchanges or APIs used.
Unified Understanding
- Explains the process of combining prices and the total work involved, presenting a comprehensive picture of price formation.
Security Design
Chunk's oracle solution embodies resilience, ensuring uninterrupted functionality.
Network Resilience
Even if one of the networks in the conjunction fails (the network used for cost-effective calculations), the oracle's operation remains unaffected. This redundancy allows for a seamless switch to any supported network, maintaining the integrity and reliability of the data feed.
Example: If the primary network used for calculations experiences downtime, the system will be shifted to another available network, ensuring no interruption in data delivery to the target network, such as Ethereum.
Efficiency in Data Recording
Strategic Utilization of Networks
By employing a bifurcated strategy, we leverage cost-effective networks for complex, gas-intensive transactions, while reserving networks typically associated with higher costs for the final recording. This strategic approach allows for optimal cost management without compromising data integrity.
Batch Processing and Consolidation
Our data recording occurs in batches within a single contract. This contract hosts all the feeds we write, eliminating the need to manage multiple contracts. Whether it's a new asset or feed, we simply include it in the validators' configurations, making the data available within the main contract for user access.
On-Chain Data Compression
While a single slot record costs 20k gas, our method allows for multiple metric updates within a single slot. Instead of dedicating one slot for each metric update, we compactly pack several metric updates into just one slot, leading to significant gas savings.