Finally, “Sininen Taivas” finished an oracle (started by lorien) publishing ERG/USD price from CoinMarketCap (CMC) on the Ergo blockchain. Then the price can be used in contracts, e.g. loan or bond contracts.

Scripts for starting a new oracle box, updating a box with CMC price and cleaning the working state can be found at https://github.com/sininen-taivas/ergo-oracle and are described below.

Starting New Oracle

To start new oracle, a new singleton token is to be issued. Contracts then can use identifier of this token to authenticate the oracle box.

To create a new oracle token and an oracle box, run issue.py like following:

python3 issue.py --api-key 7yaASMijGEGTbttYHg1MrXnWB8EbzjJnFLSWvmNoHrXV --name ERGUSD_1 --description "Ergo to USD Oracle (nanoergs to cent)" --mainnet

In case of success, the script will print nothing, just creating new files in the folder where it resides, namely, address.id , token.id and box.id . The files are containing just identifiers.

The oracle box contains token issuance data according to the upcoming standard, see e.g. last output of https://explorer.ergoplatform.com/en/transactions/333d0b0cdcda34e5b4d8f87022e3c19b2ba6a02ea04bfefe3737501fc94dd786

Updating The Oracle

To update the price in the oracle box, update.py should be called like:

python3 update.py --api-key 7yaASMijGEGTbttYHg1MrXnWB8EbzjJnFLSWvmNoHrXV --cmc-key 562...... --mainnet

The script prints output like:

2019-10-24 16:44:27,449 [INFO] CMC price: 0.598898592381 2019-10-24 16:44:27,450 [INFO] Address: 9fRusAarL1KkrWQVsxSRVYnvWxaAT2A96cKtNn9tvPh5XUyCisr 2019-10-24 16:44:27,450 [INFO] Box ID: bf85ebdf242a983d5aa11ef19cef1e05cd2d863effb06392c6a38103183abc5a 2019-10-24 16:44:27,451 [INFO] Token ID: c402cee951b3f0f1efcfd6b9328db14b1212845efffbfa8cd1ab48479992d16a 2019-10-24 16:44:27,451 [INFO] Encoded Price: 05f289db05 2019-10-24 16:44:27,515 [INFO] Second Box ID: 550a0090261a94f0f1901b338c5f24a9eb5baa3a37fa937fac0f56b19a5c5082

The script will add identifier of the new box (containing updated price) to the box.id file.

Please note that there’s no guarantee that the updating transaction will get into the blockchain.

Thus there’s another script clean.py which is tracking status of both boxes. If new box has enough confirmations (30, this number is hard-coded), the first line of the box.id file (identifier of the old box) is to be removed. With the --stop flag the script stops tracking the new box and removing it. With one line in box.id the update.py script can work again (it works only when box.id has one line).

Scripts can be called from crontab, e.g. with a schedule like:

15 */4 * * * /path/update.py --api-key <API-KEY> --cmc-key <COINMARKETCAP APIKEY> --mainnet */30 * * * * /path/clean.py --api-key <API-KEY> --mainnet 10 */4 * * * /path/clean.py --api-key <API-KEY> --stop --mainnet --stop

How To Use Oracle Data

First, how data is encoded. In our example, CMC price: 0.598898592381 , which is about 5988985 nanoErgs per US cent. This value is encoded using VLQ + Zigzag, and also type descriptor (64-bit signed number which type is encoded as 0x05). You can use vlq.py script to check encoding as python3 vlq.py 5988985 which gives 05f289db05 .

Now how to use the oracle. It contains price in the register R4. Then the oracle box should be provided as data (i.e. read-only) input, and to read the price and to check it is provided by a certain party, the following code (from the USD token box contract) could be useful: