| General information | |
|---|---|
| Global rank: | 2065 |
| Name: |
Oiler Network |
| Symbol: | OIL |
| Current coin price (LRD): | 5.03 $ |
| Last hour: | arrow_upward0.000000 % |
| Last 24 hours: | arrow_downward-0.040 % |
| Last 7 days: | -2.23 %trending_down |
| Capitalisation (LRD): | 184 845 539.61 $ |
| Volume 24h (LRD): | 0.000000 $ |
| Available supply: | 36 715 999.00 OIL |
| Total coin supply: | -1 OIL |
| Start date: | 2021-04-04 |
Oiler Network/Liberian Dollar (OIL/LRD) price chart
Oiler Network/Liberian Dollar (OIL/LRD) 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.