According to Foresight News, Tellor released its L1 oracle chain Tellor Layer white paper. Tellor Layer is an independent L1 blockchain built with Cosmos SDK, designed to reach consensus on subjective data. It works by using a network of stakeholders who are incentivized by crypto-economics to honestly report the requested data.

Tellor Layer's native token is TRB, which is used for staking, tipping, and voting, and the token economic model will remain unchanged. 4,000 tokens will continue to be distributed to the team each month, and an equal amount of tokens will be distributed to reporters and validators as inflation rewards. Of the time-based rewards, 75% will be distributed to reporters and the remaining 25% will be distributed to validators.