Tellor is a decentralized oracle protocol that enables smart contracts on Ethereum to securely access off-chain data. Operating as a permissionless network, it incentivizes data reporters to provide and validate information, ensuring the integrity and reliability of data supplied to decentralized applications (dApps).
Value Proposition:
By leveraging a decentralized network of data reporters, Tellor mitigates the risks associated with centralized data sources, such as manipulation and censorship. This approach enhances the security and trustworthiness of data feeds for dApps that require accurate and tamper-proof information.
Governance:
Tellor operates as a Decentralized Autonomous Organization
Tokenomics:
Tellor utilizes a native token, TRB which plays a critical role in the network's operations. Data reporters must stake TRB tokens as collateral to participate in the network, aligning their incentives with the integrity of the system. Reporters earn TRB as rewards for submitting accurate data, creating an economic incentive to maintain data quality. Additionally, TRB is used in the network’s dispute resolution mechanism
