Ideology

Open Oracle Origami (OOO) believes that building and deploying an oracle for blockchain shouldn’t be rocket science. Our end goal is to allow expedient development of blockchain oracles while providing a myriad of oracle solutions to the world. The ideology is simple, based around composability and themed around the world of origami, its creation and viewership.

As an Oracle developer, OOO grants the following benefits:

• Establish best principles based on type of oracle data.

• Work with any combination of raw data sources, even utilizing your own.

• Build and deploy for multiple chains.

• Flexible consensus or none at all.

• Set your own prices.

As a DApp developer, OOO offers the flexibility to:

• Pay in native L1 or L2 tokens of the chain.

• Subscribe to any number of oracles.

• Single oracle service to manage all oracle needs.

• Launch an oracle or ask the community when new oracle data requirements arise.

As an $ORI, $stORI, $GAMI token staker, OOO fosters a collective culture through:

• Protocol governance

• Participation in DAO treasury oversight

• Protocol dividend rights from staking

From the above, you can see that the focal point of our product thesis lies in embracing an open-source, community-driven oracle. Conventional oracles often function as third-party intermediaries that opportunistically exploit native L1/L2 networks in order to enhance the value of their own tokens. While such a trade-off is understandable in the pursuit of establishing a viable company, our aim is to offer a public good that benefits all networks through our innovative model. When viewing the growth of various networks, the accumulation of multiple gas fees across various tokens tends to erode composability and restrict growth potential due to accrued fees. By offering free access to reliable and decentralized data feeds, a public good oracle eliminates the financial burden for users and developers, lowering barriers to entry and fostering wider participation. Consequently, with our public good design, we aspire to unlock new avenues for both multi-chain developers and emerging networks.

One of the most significant challenges associated with all oracle models revolves around publishing data on-chain. To address this, we have devised a solution by offsetting the gas fees required for on-chain publication with the rewards obtained from operating validators on the destination network. This approach also enables us to utilize these nodes as vital infrastructure for data publication from and into the network. Through our collaboration with professional validators, we gain access to all archival nodes within a network, thereby facilitating the provision of extensive historical data on-chain, which, in turn, unlocks new potential use cases.

The tokenomics of OOO, inspired by public goods theory, characterized by their non-excludable and non-rivalrous nature, promote the well-being of aforementioned emerging networks. This collaborative approach fosters innovation, knowledge sharing, and the creation of new data streams for all networks without imposing economic barriers on the uptake of new users and sandbox attempts with new DeFi protocols. By collaborating with these L1/L2 foundations to obtain sufficient native stake for operating one or more validators on the network, the rewards generated are then shared across the stakeholders of our $OOO liquidity pools.

OOO provides its own native pricing feeds as a public good, and also allows the community to pursue more dedicated niche products by allowing Curators to set subscriptions for their oracle’s data feeds. dApps gain complimentary access to Origami's meticulously curated Museums, which serve as data feeds, at no cost. Nonetheless, independent data providers are also empowered to establish their own tailored feeds, known as Collections. In such instances, Curators, who function as the data providers, determine subscription fees for utilizing the oracles in native L1/L2 tokens.

Curators are responsible for all gas charges to maintain their feeds. Subscriptions are paid in the native token of the L1 or L2 chain in use. Moreover, the absence of fees removes the need for additional tokens or payment mechanisms, streamlining the user experience and facilitating seamless integration of decentralized applications. Additionally, to preserve gas, we will never aggregate or handle raw data on-chain. All data is processed off-chain and cryptography is used to verify trust of the curator on-chain. The only data stored on-chain is in its final form and shape, Origami.

Consequently, the elimination of fees by a public good oracle incentivizes more users to engage with the network, resulting in accelerated growth, heightened transactional activity, and a surge in total value locked, as users are not encumbered by additional costs associated with data access.