| General information | |
|---|---|
| Global rank: | 4995 |
| Name: |
Oiler Network |
| Symbol: | OIL |
| Current coin price (AUD): | 0.063 $ |
| Last hour: | arrow_upward0.000000 % |
| Last 24 hours: | arrow_downward-4.46 % |
| Last 7 days: | -15.76 %trending_down |
| Capitalisation (AUD): | 0.000000 $ |
| Volume 24h (AUD): | 8 870.40 $ |
| Available supply: | 0.000000 OIL |
| Total coin supply: | -1 OIL |
| Start date: | 2021-04-04 |
Oiler Network/Australian Dollar (OIL/AUD) price chart
Oiler Network/Australian Dollar (OIL/AUD) capitalisation and volume charts
Oiler is a protocol for blockchain native derivatives. Oiler team has in mind a very specific set of properties to call instruments ‘blockchain native’.
1. The instrument can be priced without any external (off-chain) oracles
2. The instrument can be settled without any external (off-chain) oracles
In order to settle derivatives on-chain nowadays, Oiler team needs to ensure that the payout can be calculated entirely on-chain. At Oiler, they not only assume that we will not take off-chain data but also that there is no oracle hidden behind the layers of on-chain data sources that our smart contracts use.