$TRB TRB is the token for Tellor, a decentralized oracle protocol that aims to provide reliable external data to smart contracts on blockchains, particularly in the field of decentralized finance (DeFi). Here's a comprehensive overview of the most prominent projects and components of this system:
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🧠 What is Tellor (TRB)?
- Project type: A decentralized oracle built on the Ethereum network.
- Goal: Provides smart contracts with external (off-chain) data in a secure and transparent manner.
- Mechanism of operation: Uses Proof of Work to incentivize miners to input accurate data into the blockchain.
---📈 Projects related to Tellor
- Daxia: An Ethereum derivatives protocol created by the same team, which relies on Tellor to provide market data.
- DeFi applications: Tellor is used to feed smart contracts with data such as currency prices, market indices, and more.
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👥 Founding Team
- Brenda Loya: CEO, data science expert.
- Michael Zemrose: Strategy Director, business development specialist.
- Nicholas Fett: CTO, digital economy expert.