Modefi
  • Introduction
  • Oracle Solutions Suite
    • Decentralized Aggregated Oracle
    • On-Demand Oracle
      • On-Demand Oracle - Technical Manual v0.1
        • The On-Demand Oracle System
        • Types of Users
          • Data Request Creators
            • Requesting Data
            • Setting Times
            • Cancelling Data Requests
            • Disputing Results
          • Validators
            • Account Management
            • Staking (and Unstaking)
            • Providing/Endorsing Data
            • Disputing Results
            • Receiving Payment
          • ODO Custodian
        • Algorithms
          • Computing Request Costs
          • Depositing and Withdrawing Coins
          • Staking to Endorse Data
          • User and Staking Slot Tiers
          • Timing/Lateness
          • Bumping
          • Withdrawing
          • Endorsing
          • Payment
          • Slashing
          • Reputation
          • Staking Bonuses
          • Disputes and Resolutions
          • Coin Credits
          • Account Transfer
      • On-Demand Oracle - High-Level Overview
    • Oracle Marketplace
  • Defi Dashboard
    • What is the Modefi DeFi Dashboard?
  • Token
    • Tokenomics
      • Token Distribution
      • Token Stats
      • Token Emission Schedule
    • Token Sale
    • Token Utility
  • General Information
    • History of Oracle Based Hacks / Exploits
      • Synthetix $1 Billion Exploit
      • Trader Exploits bZx Oracle for $330,000 Profit
      • $100 M Liquidated on Compound Following Oracle Exploit
  • Blockchain Basics
    • What is a Smart Contract?
    • What is an Oracle?
  • FAQ
    • Staking on Fantom
    • Staking on Binance Smart Chain
  • How-to's
  • Smart Contract Addresses
  • Links and Socials
  • Media Kit
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
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On this page
  • The Mission
  • What is the objective of Modefi?

Introduction

Building the foundation for real world adoption of Oracles and DeFi

NextDecentralized Aggregated Oracle

Last updated 1 year ago

The Mission

To provide truly decentralized, transparent, secure and precise oracle solutions for all off-chain data, on-chain.

What is the objective of Modefi?

It's clear that the blockchain / crypto space has gone through some growing pains over the past few years, majority of the concerns have risen even just in the past several months. One issue that keeps arising time and time again is the potential for exploits and hacks within the existing Defi space. While there is no bullet proof be all end all solution, there are ways to mitigate risk and potential losses.

Oracle manipulation has been one of the biggest culprits when it comes to contract and Defi hacks. Protocols are exposing their users to potentially massive risks when relying on centralized or single data point oracles within their eco-systems.

See History of Oracle Based Hacks / Exploits for more details on just a few of the most recent cases.

Modefi's Oracle Solution Suite will help Defi protocols reduce the potential of putting their users hard earned capital at risk due to unforeseen circumstances.