Introducing UDFv1.1: A New Era of Decentralized Data Feeds

In the rapidly evolving web3 ecosystem, Universal Data Feeds (UDF) stands out as an innovator, offering a next-generation oracle solution designed to power smart contracts across any blockchain ecosystems including EVM, Solana, Move, TON, TRON and Cosmos IBC. With a mission to deliver real-time, reliable, and customizable data, UDF provides the foundation for decentralized applications (dApps) aiming to scale efficiently and seamlessly.

Today, we are thrilled to introduce UDFv1.1, a significant leap forward in decentralized data feeds. By integrating cutting-edge Layer 2 solutions coupled with leveraging the decentralized capabilities of the EIB Oracle Blockchain, UDFv1.1 redefines what oracles can achieve. With this release, developers and protocols gain access to a low-latency, low-cost, ultra-efficient, and cross-chain compatible oracle system, setting a new standard for the industry.

Key Architectural Improvements

Figure 1 - Integration of L2s enabling scalable cross chain messaging

• Integration of Layer 2 SolutionsLayer 2 networks have become indispensable for addressing scalability challenges in DeFi. UDFv1.1 seamlessly integrates with Layer 2 networks, ensuring faster transactions, lower gas fees, and the ability to scale the EIB Oracle Blockchain operations without compromising its security. This unlocks new possibilities for protocols aiming to expand across multiple chains.
• Decentralized and Verifiable Data with EIB Oracle BlockchainAt the heart of UDFv1.1 lies the EIB Oracle Blockchain that can scale horizontally as needed with Layer 2 networks. EIB is a purpose-built solution that ensures data verifiability, security, and decentralization. Data publishers aggregate and sign data, which is validated on the EIB, providing a tamper-proof and byzantine-tolerant proof for smart contracts. This architecture guarantees trust in every data point delivered.

Advantages of UDFv1.1

Figure 2 - UDF high speed data feeds (200ms latency)

• Ultra-Efficient Infrastructure
• Low latency: UDFv1.1 oracle updates are processed at an unmatched frequency of 200ms, enabling real-time insights for critical dApp operations.
• Cost-efficiency: Optimised gas costs through Layer 2 integrations make high-frequency updates economically efficient.
• Cross-chain compatibility: UDFv1.1 supports a constantly growing ecosystem of blockchains (15+), offering unparalleled flexibility for developers.
• Enhanced Developer Experience UDFv1.1 introduces improved smart contracts for the pull model integration, making verification and utilization of data feeds straightforward and error-free. By streamlining processes like fee calculation and data validation, the new system reduces complexity and enhances reliability for developers.

Figure 3 - Web2, web3, or custom data feeds integration into various chains

Real-World Use Cases

UDFv1.1 empowers a broad range of industries and use cases, including:

• AI Applications: Enable seamless integration of AI-driven data from Web2 and Web3 ecosystems, empowering dApps with real-time analytics and automated decision-making capabilities.
• Money Markets: Automate loan management, liquidation processes, and collateral swaps with programmable data feeds.
• Mirrored Assets: Facilitate the creation of synthetic assets by leveraging on-chain collateral and accurate price feeds, supporting minting, redemption, and transparent asset management for both digital and real-world assets.
• Stablecoins: Provide critical financial market data to determine collateralization levels, automate minting and burning operations, and trigger rebasing functions for improved stability and trust in stablecoin ecosystems.
• Prediction Markets: Provide timely and accurate data to power market forecasts, enabling speculation on global events.
• Tokenized Real-World Assets (RWA): Deliver precise pricing for tokenized assets, enhancing market transparency and valuations.
• Gaming: Connect games across ecosystems, creating seamless interactions for players and developers.
• IoT Applications: Integrate real-time data from IoT devices for automated responses and unified connectivity.

These examples highlight the versatility of UDF in addressing unique challenges across sectors.

Get Started

UDFv1.1 is more than just an upgrade; it’s a call to innovate. We invite developers, protocols, and enterprises to explore the possibilities unlocked by our decentralized, scalable, and customizable oracle solution.

Start building today:

• Visit our documentation for integration guides.
• Dive into the future of data feeds with UDFv1.1—empowering smarter contracts for a borderless Web3.

Let’s reshape the landscape of decentralized applications together.