REVIEW PROJECT Euler Tools

 Hi there! Below you will find some of the questions asked by our community and Jorge’s answers — from our most recent AMA.

Does Euler have the capacity to capture revenue by becoming a data provider for blockchain oracles? Whether it’s on-chain data or from other sources.

Jorge DLS: That’s our aim. We are a meta oracle, that’s something that nobody else is doing right now. For example, the case of price feeds of Chainlink, I talked with their developers when I interview with them for a position and I asked how their data feeds work. They are just reading…

Could it be possible to develop like an order of Pool APYs of the entire Binance Smart Chain? A search who can look into Autofarm, Beefy, etc. and list all pools of for example CAKE. And then we could know where it’s the best place to put that active

Jorge DLS: That’s a super good question, and that’s a super hard task. As you know the blockchain does not provide raw information, it provides encrypted information. Once the contract is deployed for a farm what you will get is a bunch of bytecodes that you won’t be able to receive unless you know what you are looking for. So, even though you can get the name of the functions for example, you shouldn’t be able to get the signature that allows you to know how to call those functions. So, if people do not use the same code, it’s pretty much impossible for us to know what’s going on inside the contract. There are ways to get that code; the easiest one is just going to their repositories and read it, but it’s a lot of work that also involves reading the source code, extracting the information, generating the API so you can interact with those functions, and then calculate the API. That’s something that we can’t really do right now because we do not have enough resources for that, and there’s hundreds of pools and hundreds of farms out there, but I’ve been talking with a Russian team of developers that has something similar to what 0xtracker provided but it’s more technical. From a technical perspective, it is way more complex, because they created a framework, in which you just input addresses and they extract all the information, based on knowledge on how those farms work. So yeah, it should be possible to do that, not for us, but I am in conversations with those guys from Russia to see if we can combine the projects because they are on an early stage and they need infrastructure and funding. We are on a more mature state in which we have the infrastructure and some funding, but we do not have the resources to build all that stuff. If we manage to do so, I will announce it and we will incorporate that information into our APIs which is going to look great because they have a lot of data, and not just for Binance, they have Polygon and Heco chain too. It is powerful and a very nice application. They aggregate a lot of data and also have ways to calculate stuff like impermanent loss and quoting the database that we have. I’ll keep you posted and let you know what the output of those conversations is.