Witnet Partners with Celo to Bring Decentralized Oracles, Price Feeds and Randomness Generation to their Mobile-First Defi Platform

The Witnet oracle is already providing data to smart contracts on Celo in an accurate, transparent, and censorship-resistant way

Celo is a L1 blockchain mobile-first platform that makes financial dApps and crypto payments accessible to anyone with a mobile phone. Celo’s mission is to build a financial system that creates the conditions for prosperity — for everyone.

Witnet is a decentralized oracle protocol that focuses on providing reliable data to “autonomous” smart contracts — those that require a high degree of tamper resistance and should not leave space for manipulation. Witnet can power most DeFi primitives like price feeds, stablecoins, synthetics, etc., as well as acting as a reliable source of randomness for creating uniqueness in NFTs.

The Witnet decentralized network of oracle nodes is now trustlessly providing data to smart contracts on Celo in an accurate, transparent, and censorship-resistant way.

The integration — which has already been live on the Celo mainnet and “Alfajores” testnet more than a month now — makes all the components in the Witnet oracle suite available to every Celo developer, including:

• Public price feeds (CELO/USD, CELO/EUR, ETH/USD, BTC/USD) that are completely free to read from.
• The Witnet Random Number Generator, which is an efficient and secure way to source randomness and uniqueness into NFT and gaming use cases.
• The Witnet Request Board — which enables Celo developers to benefit from Witnet’s internal filtering and aggregation capabilities to have external data securely retrieved and attested from multiple data sources at once, thus reducing reliance on specific data providers, and eliminating any single point of failure.

The availability of a decentralized oracle solution is a key milestone for the broader adoption of Celo, as it will open the door to more sophisticated and reliable DeFi and NFT use cases.

This is only a first step in a cooperation roadmap between the Witnet and Celo communities that begun last summer at EthCC and is now bearing fruit. This integration has only been possible thanks to the fluent communication and collaboration between the developers of both projects — which is expected to continue to be a win-win for many years to come, given the strong focus of both projects on improving the openness, accessibility and inclusivity of the crypto space.

As part of this long-term collaboration, a team of Witnet developers will also be working side by side with several projects in the Celo ecosystem to assist them in integrating the oracle into their contracts.

“Celo’s proposal is totally aligned with our vision and goals, and really delivers on its promises of scalability and inclusivity, with best-in-class gas prices that go even lower than many L2s” — highlighted Adán SDPC from Witnet Foundation — “Witnet is delighted to be the first oracle to land in an ecosystem with so much potential, and to be working side by side with the projects in it to help them build more secure, efficient and usable dApps and protocols.”

This partnership helps bringing the Witnet offering of oracle technologies to a global audience, following similar succesful integrations with Conflux Network, KuCoin Community Chain, Boba Network and Metis.

For Witnet Foundation, making the Witnet oracle available on multiple L1 and L2 chains is not only a matter of user acquisition, but also a strong bet for platforms in which innovation is happening at an incredible pace because of the lesser scalability and cost concerns. Having a first-mover advantage in providing a decentralized oracle solution for the amazing builders in those thriving ecosystems will guarantee that whatever is the next big thing in crypto, Witnet will be in the forefront, playing a key role in the development and success of this Web3 revolution.

About Witnet
The Witnet protocol enables smart contracts to realize their true potential by giving them access to all sorts of valuable data sets, and by attesting and delivering that information securely thanks to its strong cryptoeconomic guarantees.
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About Celo
As a mobile-first, open and inclusive blockchain, Celo’s mission is to build a financial system that creates the conditions for prosperity for everyone.
Website | Github | Twitter | Discord | Telegram | Reddit | YouTube