Ozean, a blockchain initiative by Clearpool focusing on real-world assets (RWA), has recently partnered with ChainSight to enhance its data infrastructure. This collaboration brings ChainSight’s oracle technology into the Ozean ecosystem, providing decentralized applications (dApps) with secure, real-time access to off-chain data sources for various RWA use cases. By integrating ChainSight’s oracle architecture, Ozean aims to advance the reliability and efficiency of data access for applications operating on its network.
ChainSight’s oracle solution is known for its permissionless, multichain-compatible data services, covering a range of blockchain environments including EVM and SVM. The system utilizes advanced cryptographic technologies such as zkTLS and Chain-Key cryptography, ensuring data security and integrity. With a proven track record of zero downtime and the ability to handle over $1 billion in total value, ChainSight’s infrastructure offers a robust and scalable solution for data delivery in blockchain finance.
In line with its commitment to expanding technical capacity for RWA dApps, Ozean is leveraging ChainSight’s expertise to improve the quality and reliability of external data sources used within the ecosystem. By integrating External Data APIs, developers can build dApps that rely on real-time price data, compliance rules, and external metrics. These features are crucial for ensuring that tokenized assets, yield protocols, and credit-based DeFi systems operate in compliance with regulatory standards.
Additionally, Clearpool has announced the launch of Port, a new RWA Exchange Traded Pool under the Ozean network. Port tokenizes diversified RWA instruments such as treasuries and real estate into portUSD, a tokenized asset. Hex Trust will provide custody services for Port, while liquidity and monitoring tools will be integrated into the platform to enhance user experience.
Joining the Ozean ecosystem, Ethena Labs and Falcon will introduce high-yield synthetic assets called sUSDe and sUSDf, offering APY rates of 4.75% and 10.19% respectively. Early users of these synthetic assets will also receive additional Droplet tokens as rewards, further incentivizing participation in the Ozean network.
Overall, the collaboration between Ozean and ChainSight signifies a significant step towards strengthening data infrastructure within the blockchain ecosystem. By integrating advanced oracle technology and expanding the range of financial products available on the Ozean network, Clearpool is poised to drive innovation and growth in the RWA space.