With Zora 2.0 launched and migration complete, we wanted to take a step back and provide our community with our current thinking on how we plan to position Zoracles protocol for future development.

For the new community members, it is probably prudent we give a brief background on the project and the product under development.

Zoracles builds zero-knowledge oracles for confidential data to smart contracts.

We have already secured a partnership with Deus Finance and working on a number of others. On this journey, price feed data will continue to be the foundation of our business development efforts along with recent expansion into the global derivatives market and confidential credit checks.

The team is especially interested and focused on consumer credit checks. This could potentially entail integration opportunities with established enterprises that provide credit scores and backend infrastructure work with the major reporting agencies. It is very exciting for our developers to provide “Snarks as a Service” for this particular market segmentation and we look forward to updating the community as we progress.

Governance

We would also like to announce a pre-alpha version of our governance platform: https://gov.zoracles.com. Our developers will need a bit more time before it is ready for a proposal, but we wanted to demonstrate our continued commitment to decentralization and community participation.

One of the first items up for discussion, and a priority the team will address is a vesting schedule. We want to reiterate the Founding Team tokens and Future Partnerships will NOT be in circulation until a proposal is submitted and voted upon. Early ideas include keeping tokens completely locked well into 2021 and then a gradual release.

The team is fully committed to developing the Zoracles Protocol for the long-term and will support the general will of the community. We are happy to live up to the motto “don’t trust, verify” and have our vesting schedule written into code.

We hope this provides some clarity on our intentions. As always, we can be reached at the various community links provided below. Thank you for your continued support and we look forward to building Zoracles Protocol.

About Zoracles

Zoracles partners with DeFi projects using zero-knowledge proofs to provide confidential data to smart contracts. Their end-to-end solution entails VRFs to provide additional security measures for their “Snarks as a Service.”

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