COTI, a leading privacy‑focused blockchain platform, today announced the successful integration of Band Protocol’s oracle service on its mainnet, enabling decentralized applications to access encrypted, real‑time data feeds with institutional‑grade privacy.
Oracles lie at the heart of DeFi and Web3 ecosystems, bridging on‑chain applications with off‑chain information such as price feeds, weather data, and more. By integrating Band Protocol, COTI now offers developers a seamless way to incorporate private, tamper‑proof data feeds into their dApps—critical for building compliant, enterprise‑ready solutions.
Encrypting Oracle Feeds for Institutional Adoption
COTI’s unique privacy layer allows Band Protocol to encrypt its Standard Dataset before it’s published on‑chain, safeguarding sensitive information from malicious actors. This end‑to‑end encryption ensures that only authorized smart contracts can decrypt and consume the data, a feature that addresses one of the largest hurdles for institutions considering Web3 deployments: data confidentiality.
With the Band Protocol integration, COTI developers can now, with just a few clicks, subscribe to live price tickers for major assets—$COTI, $BTC, $ETH—and tailor them to their needs. Key parameters include:
- Update Frequency: From sub‑minute intervals to hourly updates.
- Deviation Thresholds: Trigger feeds only when price movements exceed set bounds, balancing cost with data freshness.
This flexibility empowers teams to optimize oracle usage, reducing on‑chain gas costs while maintaining the precision required for sophisticated DeFi strategies.
Building a Privacy‑First Web3 Ecosystem
While Band Protocol is best known for its oracle capabilities, the collaboration with COTI shows a broader vision: interoperable, cross‑chain data flows protected by privacy. By combining Band’s cross‑chain oracle framework with COTI’s privacy‑on‑demand, developers can securely move information between EVM and non‑EVM networks, fueling use cases from prediction markets to Web3 gaming.
One of the first beneficiaries of this integration is Carbon DeFi, an order‑book‑style decentralized exchange built by Bancor. Carbon DeFi’s backtesting tool leverages Band Oracle to fetch real‑time token prices on COTI, ensuring traders can model and execute strategies with confidence in the data’s integrity. By relying on Band’s secure endpoints, Carbon DeFi enriches its interface with up‑to‑the‑second market data—critical for dynamic trading features such as automated order placement and strategy optimization.
Band Oracle V3 on the Horizon
Building on today’s milestone, Band Protocol has already deployed its Oracle V3 on COTI’s testnet. The forthcoming Mainnet upgrade—slated for release by the end of Q2—promises:
- Faster Data Delivery: Reduced latency for mission‑critical feeds.
- Lower Costs: Streamlined architecture to minimize gas consumption.
- Enhanced Customization: More granular control over feed parameters and new data types.
While Band Oracle V3 rolls out, COTI’s ecosystem stands to benefit from an even more robust, cost‑efficient oracle infrastructure—cementing its position at the forefront of privacy‑first Web3 development. By delivering fast, reliable, and tamper‑proof data feeds, Band Protocol empowers developers to build the next generation of DeFi, gaming, and Web3 applications.
