Smart contracts on Ethereum are fully self contained and any information or access to off-chain data is restricted. Tellor solves this problem by creating a system where parties can request the value of an off-chain data point (e.g. ETH/USD) and miners compete to add this value to an on-chain data bank, accessible by all Ethereum smart contracts. Inputs to a data series are secured by a network of staked miners. The main Tellor smart contract creates a time series of each requested data series and aims to become the standard source of high value data for decentralized applications. This oracle, “Tellor”, utilizes similar incentive mechanisms to other cryptocurrency systems through the issuance of Tellor’s token, Tributes, that are used to request a particular data series from miners.
Inlock is a platform where customers can borrow or lend using their cryptocurrencies as a collateral. This way, users gain access to the purchasing power of their cryptocurrencies without having to sell them. With INLOCK, you also can create a superposition, where you can be in stablecoins and our token at the same time to combine safety with excitement.