Zoracles Price(ZORA)

Zoracles is a decentralized oracle platform designed specifically for the DeFi sector. At its core, Zoracles seeks to bridge a significant gap in the financial ecosystem—connecting financial non-fungible tokens (NFTs) that possess tangible utility with the artistic and collectible subsets of NFTs that do not typically generate income for their holders. The primary ambition of Zoracles is to employ data analytics to assist buyers and sellers in determining fair valuations for their liquidity positions. This is achieved by analyzing parameters such as the duration spent within a range and historical Annual Percentage Yield (APY).

Unlike traditional oracle solutions that might rely heavily on singular data feeds, Zoracles embraces a diversified approach, aggregating data from multiple sources. This innovative methodology is designed to enhance the security and trustworthiness of the information fed into smart contracts, thus supporting various DeFi applications.