Tellor is the oracle layer for secure, censorship-resistant data creation and distribution. Built to be the source of truth, not just middleware, it is unlike any other data provider in the industry.
Unlike traditional oracles that are middleware between centralized APIs to blockchains, Tellor is the benchmark for truth. Tellor produces data directly through the collective power of its reporters, not dependent on any single source.
Tellor allows users to define or “create” custom data types, enabling unique data requests that no other protocol can fulfill. The versatility to specify your own data ensures that Tellor can generate and secure any data your application requires.
Tellor is fully permissionless. Anyone can participate as a validator, reporter, or user without barriers or gatekeepers. Designed for resilience, no single entity has the power to shut it down, ensuring data that is truly censorship-resistant.
Tellor maintains a set of popular data feeds, known as Enshrined Feeds, which are regularly reported without the need for specific tips or requests. This ensures a consistent flow of essential data, like ETH/USD, while reducing gas costs and providing a public good that guarantees the availability of critical information. Changes to the Enshrined Feeds are managed through community governance, ensuring flexibility and adaptability over time.
Users submit queries—whether it’s price data, weather information, or a custom request—accompanied by a TRB tip to incentivize reporters.
Individuals that stake TRB can submit data for the query, and the chain aggregates their submissions using the median or average value to ensure accuracy.
Validators ensure the integrity of the data and maintain the state of the chain, making sure that Tellor Layer remains secure and decentralized.
Using a light client bridge, Tellor Layer’s oracle data can be securely relayed to other blockchains, ensuring seamless integration across various networks.
In case of any false data submissions, a dispute mechanism ensures that dishonest reporters are penalized, protecting the integrity of the system.
Validators and Reporters offer commission to TRB holders who delegate their tokens to them for staking. Earn TRB from their efforts.
In order to participate in the network your TRB must be bridged from Ethereum to Tellor Layer.
Reporters and validators must stake TRB as collateral to ensure honest participation and network security.
Users can tip in TRB to incentivize prompt data submissions from reporters.
TRB is minted as inflationary rewards, with 75% going to reporters and 25% to validators, promoting network activity.
TRB is used in disputes, where token holders vote on the accuracy of reported data, with potential slashing for dishonest reporters.
TRB holders participate in protocol governance, voting on protocol upgrades.
TRB is the native token of the Tellor protocol, playing a vital role in securing the network, incentivizing participation, and facilitating governance.
Empower your decentralized application with reliable, on-demand data.