Subnet 28 (dalet): SP 500 Oracle

This page last updated March 28, 2024

Foundry S&P 500 Oracle to incentivize miners to make predictions on the S&P 500 price frequently throughout trading hours. Validators send miners a timestamp (a future time) for which the miners need to make an S&P 500 price prediction. Miners need to respond with their prediction for the price of the S&P 500 at the given time. Validators store the miner predictions and then calculate the scores of the miners after the predictions mature. Miners are ranked against each other, naturally incentivizing competition between the miners.