Last updated 3 months ago
Cardano has many price sources, but no unified feed. This causes DeFi apps to show inconsistent token prices, leading to errors in interest, liquidation, or user display
We build an Multi-source Oracle Aggregation, that combines prices from Orcfax, Liqwid, DEX pools, etc., to provide a unified, reliable price feed for DeFi apps across the Cardano ecosystem.
This is the total amount allocated to Multi-source Oracle Aggregation.
Please provide your proposal title
Multi-source Oracle Aggregation
Enter the amount of funding you are requesting in ADA
100000
Please specify how many months you expect your project to last
8
Please indicate if your proposal has been auto-translated
No
Original Language
en
What is the problem you want to solve?
Cardano has many price sources, but no unified feed. This causes DeFi apps to show inconsistent token prices, leading to errors in interest, liquidation, or user display
Does your project have any dependencies on other organizations, technical or otherwise?
No
Describe any dependencies or write 'No dependencies'
No dependencise
Will your project's outputs be fully open source?
Yes
License and Additional Information
We will release all project outputs under the Apache 2.0 license.
Please choose the most relevant theme and tag related to the outcomes of your proposal
Developer Tools
Mention your open source license and describe your open source license rationale.
We will release all project outputs under the Apache 2.0 license.
This license is OSI-approved, widely adopted, and allows developers to freely use, modify, and distribute the code while ensuring attribution and license preservation.
How do you make sure your source code is accessible to the public from project start, and people are informed?
All code will be published from day one in a public GitHub repository.
Each milestone will be documented and announced through Catalyst reports and shared in Cardano developer.
This ensures full transparency and easy access for contributors and the community.
How will you provide high quality documentation?
Documentation will be maintained alongside the source code in the repository.
Technical design documents describing system architecture and data flow.
Documentation will be kept updated across milestones.
Please describe your proposed solution and how it addresses the problem
Cardano has many Oracle Sources like Orcfax, Chaili3, Liqwid, Indigo, and DEX pools. But there is no unified system to combine these prices. Each dApp chooses its own source, leading to inconsistent token prices, unfair liquidations, and inaccurate interest calculations.
Approach:
Build a Multi-Source Oracle Aggregation system that collects token prices from multiple Oracle Sources.
Each token price can be calculated through multiple Oracle price paths (e.g., ADA → MIN → DJED).
If any Oracle price path for a token pair differs more than 5% from the average, we exclude that pair from the final price feed.
Publish the final aggregated prices on-chain
Major Features:
Aggregate prices from Orcfax, Liqwid, Indigo, DJED, and DEXs like Minswap.
Open-source smart contracts and pricing logic.
New Oracle Sources and price paths can be added easily
Built-in safeguard: If any path gives abnormal data, it is automatically excluded
Audience
This project serves DeFi developers, lending protocols, and Cardano users who need reliable token prices. It helps projects build safer lending, collateral, and liquidation systems. Users benefit from fairer, more transparent DeFi experiences.
Please define the positive impact your project will have on the wider Cardano community
Deliverables to Impact outputs:
Provide DeFi developers and projects on Cardano with accurate, real-time token prices aggregated from multiple Oracle Sources.
Lower technical barriers for small and medium-sized projects by giving them a ready-to-use price feed.
More DeFi protocols and encourage existing ones to migrate to a unified, secure price feed.
Build trust in Cardano DeFi through open-source smart contracts and transparent price calculation.
Impact of the project – Acceptance criteria (quantitative):
Number of Oracle Sources successfully integrated.
Number of token pairs and ADA pools supported at Mainnet release.
Public availability of UI, and technical documentation.
What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?
Team Capability
We have expertise in smart contracts, off-chain infrastructure, and API services.
Technical Feasibility:
Milestone Title
Integrate first Oracle Sources: Orcfax, Liqwid, Indigo, Chali3
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Technical design document: Detailed system architecture, data flow, and aggregation logic (github link).
Delivery Month
2
Cost
22000
Progress
20 %
Milestone Title
MinSwap integration, Mockup UI design
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Delivery Month
4
Cost
23000
Progress
40 %
Milestone Title
Splash integration, UI & Testnet release
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Delivery Month
6
Cost
25000
Progress
80 %
Milestone Title
Mainnet release & documentation
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Public Mainnet smart contracts. (github link)
Public technical documentation (github link).
Final project completion report (Upload via google driver)
Delivery Month
8
Cost
30000
Progress
100 %
Please provide a cost breakdown of the proposed work and resources
Estimated Project Duration: 8 months – Total Budget: ₳100,000 (ADA/USD ≈ 0.9, updated 15 Aug 2025)
1/ Product Research (₳10,000)
Research Oracle Sources: Orcfax, Liqwid, Indigo, MinSwap, Splash. Define data flow, system architecture.
2/ Project Management (₳7,000)
Coordinate tasks, track milestones, maintain Catalyst reports, manage resources.
3/ Project Development (₳63,000)
Build backend aggregator, smart contracts, UI, integrate all Oracle Sources as per milestones.
4/ Project Testing (₳20,000)
Functional tests, deploy on testnet and mainnet, and prepare final reports and documentation.
How does the cost of the project represent value for the Cardano ecosystem?
This project builds Multi-Source Oracle Aggregator, giving Cardano developers a reliable and unified token price feed from multiple sources (Orcfax, Liqwid, Indigo, MinSwap, Splash).
₳100,000 budget is split across research, development, management, testing, matching the workload and market rates for blockchain development.
All outputs: smart contracts, UI, and documentation will be open-source from day one (github), ensuring reuse and reducing costs for future Cardano projects.
Impact is measurable through the number of sources integrated, token pairs supported. This ensures the budget delivers long-term value and practical benefits to the ecosystem.
Terms and Conditions:
Yes
Project Team and Roles: