Adding Tellor as an Oracle

Ideas
1

Hello Empty Set community :wave:

I noticed we’re only using Uniswap as the oracle. Apart from the benefits of decentralizing your source, Tellor has an active community of its own with a dispute mechanism baked in to hold the miners who submit values accountable. Uniswap has done a tremendous job with their V2 price accumulation oracle, but it’s still only one source.

Tellor is open-sourced, decentralized (no admin-key), and liveness is crypto-economically guaranteed with POW miners submitting the data/prices.

We’ve been getting traction with use as a fallback which is a great introduction to how we work, and extra insurance in case something goes awry. No partnerships or contracts with high fees here, just implement our open-source code!

You can learn more here:
https://tellor.io/

Check out our Docs here:
https://docs.tellor.io/tellor/

2

Under what scenario would an 8-hour Uniswap TWAP be problematic for ESD but Tellor be useful?

3

Just to be clear, this is an idea to include Tellor, not to replace Uniswap.

There is no doubt that the 8hr. Uniswap TWAP is a great option. However, there are always edge cases that are hard to predict or plan for. Which is why it’s better to have backup options, a way to dispute, etc.

In the name of decentralization, including Tellor in some form (i.e. as a backup lever, or included as an average) alleviates the pressure on Uniswap to be the decentralized equivalent of an institution, with regards to pricing ESD.