According to BlockBeats, on August 7, the CKB Eco Fund and APRO Oracle announced a strategic partnership aimed at launching an oracle specifically designed for the Bitcoin Layer 1 ecosystem. This oracle service will utilize UTXO Stacks to provide real-time price data, delivering accurate CKB and BTC price information for the Stable++ algorithmic stablecoin.
Stable++ is an innovative stablecoin protocol based on the CKB blockchain, employing an over-collateralization model to ensure each coin is backed by higher-value assets, offering significant advantages. APRO Oracle is a decentralized oracle network tailored for the Bitcoin ecosystem, focused on aggregating and generating price data. By integrating with Nervos CKB, a versatile Layer 1 blockchain, APRO Oracle delivers a robust and secure price oracle solution, overcoming the limitations of traditional currency-centric blockchains like Bitcoin. Currently, APRO Oracle has integrated with 15 public blockchains, supports over 100 assets, and has more than 100 Bitcoin ecosystem partners.
