Part II: Stork Unveils the Open Data Market.

In Part I of this series, we cover why it is time to reimagine pricing oracles and why high-quality data must be fully customizable to builders' needs.

The Beginning.

Stork was initially founded to solve the oracle problem for perpetual futures DEXes.

Building on our experience delivering super low latency and reliable pricing infrastructure for high frequency trading, we created Stork Perps, an oracle that offers unprecedented speed and pricing expertise to the world of leveraged derivatives trading. Stork Perps quickly became the backbone for over 35 perp DEXes, supporting 2,000+ assets, and securing over $300 billion in trading volume.

After demonstrating what can be achieved with a specialized oracle, we repeatedly heard the same message from the larger onchain ecosystem. Developers need open, reliable, and flexible data provisioning to power the next wave of onchain applications focused on new primitives and enhanced user experience.

The challenges faced by perp DEXes are symptomatic of a larger issue in onchain development. This realization led us to an ambitious vision: The Open Data Market, where access to data is never a bottleneck for innovation. We distilled this idea into our core values, which drive everything we do:

Discover Everything. Build Anything.

The Open Data Market introduces a new paradigm for onchain data provisioning. At its core, it's an ecosystem that connects three key components:

1. Data Publishers: Anyone with high quality data can be easily become a verifiable data provider. Stork’s SDK empowers providers to seamlessly offer verifiable, sovereign data in a standardized format where publishers control access, track usage, and set fees permissionlessly. They can push cryptographically signed data directly to consumers or COSs. Standardization allows for easier integrations and removes barriers for data consumption.
2. Data Consumers: Open access means protocols and dApps do not have to interface with middlemen (gatekeepers). They access data directly from publishers or via Composite Oracle Services (COS). They can request new data types, create custom COSs, and incentivize publishers using any token on any chain.
3. Composite Oracle Services (COS): Customizable and specialized oracles built on Stork, aggregating data from multiple publishers. COSs offer control over security, redundancy, and latency, allowing developers to focus on their core application. Stork Perps is our first COS example.

Stork Perps

Stork Perps exemplifies the power of the Open Data Market approach. As a Composite Oracle Service, it goes beyond traditional oracles by offering:

• Unmatched Coverage: Supporting over 2,000 assets and counting. With specialized feeds like mark prices for professional liquidations. 
• Fast Integrations: Enabling new market listings in minutes, not days.
• Superior Pricing: Leveraging advanced methods and diverse data sources for accurate, manipulation-resistant prices.
• Cross-Chain Compatibility: Providing consistent, high-quality data streams usable onchain wherever you build. 
• Scalability: Growing seamlessly with increasing demand while maintaining low latency and high throughput.

With Stork Perps, exchanges no longer have to trade off decentralization for speed with high stake considerations like liquidations and leveraged positions. The success of Stork Perps demonstrates the market's hunger for reliable, flexible, and high-performance oracle solutions. However, it is just the beginning of what is possible within the Open Data Market framework.

The Future of Onchain Data

Data shouldn't be a barrier to building. It is fuel for innovation. Stork’s mission is to make data fast, easy, and flexible to use.

Envision a future where creating and maintaining your own oracle is as straightforward as launching a website or deploying a rollup. In this world, you're guaranteed access to the exact data you need, precisely when you need it, all at a fair market price. Imagine transforming your proprietary data into a new revenue stream with just a few hours of development work. This is the reality we're building – where data access and monetization are seamless, efficient, and accessible to all.

Developers will be able to build their own Composite Oracle Services (COS) using any type of data from our extensive publisher network. They can secure their COS with any kind of onchain validation service, tailoring speed and latency to their specific requirements.

The Future is Open: Join the Data Revolution

The era of walled gardens of data is over. We're ushering in a new age of open data markets, and we want you to be part of it.

Here's how you can shape the future of onchain data:

• Developers: Unleash your creativity with The Open Data Market. Build innovative applications that were never before possible.
• Data Providers: Turn your proprietary data into a new revenue stream. Join our exclusive incentive program and start earning today.
• Community Enthusiasts: Be a pioneer in the Stork ecosystem. Secure one of our limited Discord roles and help steer our direction.

We're rapidly expanding our publisher network, developing cutting-edge Composite Oracle Services, and nurturing a vibrant community. We're excited to partner with you to revolutionize the industry.

Visit our website now and follow us on X (Twitter) to stay at the forefront of the data revolution.