CKB Eco Fund and APRO Oracle have reached a strategic cooperation to help them launch the Bitcoin Native (BTCL1) price oracle

BlockBeats news, on August 7, according to official news, CKB Eco Fund and APRO Oracle reached a strategic cooperation, which will help it launch an oracle designed for the Bitcoin Layer 1 ecosystem. This oracle service will use UTXO Stacks to provide real-time price data, providing real-time and accurate CKB and BTC price data for the Stable++ algorithmic stablecoin.

As an innovative stablecoin protocol based on the CKB blockchain, Stable++ adopts an over-collateralization model to ensure that each coin is backed by assets of higher value, providing key advantages. APRO Oracle is a decentralized oracle network tailored for the Bitcoin ecosystem, dedicated to aggregating and generating price data. By integrating with the versatile Layer 1 blockchain Nervos CKB, APRO Oracle provides a powerful and secure price oracle solution that breaks through the limitations of traditional currency-centric blockchains such as Bitcoin. It has currently integrated 15 public chain bases, supports more than 100 assets, and has more than 100 Bitcoin ecosystem partners.