Vision & mission

Since our launch in April 2021, Switchboard has secured billions of dollars of on-chain volume, offering high security and low latency guarantees for its data feeds.

None of the current blockchain oracle offerings can serve as a one-size-fits-all solution. Some prioritize pricing fidelity, others focus on risk management, and some emphasize flexibility. However, time-sensitivity and handling private data are still two big uncovered areas for blockchain oracles.

Switchboard has been deeply involved in the step-by-step evolution of each of these archetypes. By closely observing market behaviour, we have identified and addressed many persistent pain points in blockchain oracles.

As such, we looked to start back at the basics and build a new solution built on the principles of:

• Offering the highest data security level to the protocol

• Offering the cheapest solution to maintain data

• Offering the fastest oracle in any blockchain ecosystem

• Making the protocol as easy to use as possible