what's Tellor Tributes?
Tellor Tributes is a decentralized oracle protocol that enables smart contracts on Ethereum and other blockchains to access reliable off-chain data. It operates through a network of data reporters who stake TRB tokens to report values for requested data feeds, using a Proof-of-Work competition mechanism where the first to submit accurate data earns rewards. The system incentivizes honesty via staking penalties for incorrect reports and includes features like dispute resolution and value voting to maintain data integrity. Tellor supports a wide range of data types, from asset prices to random number generation, making it suitable for DeFi applications requiring external inputs.
Tellor Tributes upgraded mainnet, implementing cyclelist feeds for optimized data and refined oracle incentives.
Implements mainnet upgrade executing Proposals 14 and 15, introducing cyclelist feeds that optimize data request ordering and reduce redundant submissions, while refining reward and liveness parameters to align incentives with consistent oracle participation.
Trading shows extreme negative funding and prints +/-5% candles on 1-second timeframes.
Bybit adjusts risk limits for TRBUSDT perpetual contracts.
A 30% price move occurs in a few minutes with unusually clean ask order structure observed.
A trader compares MYX's chart pattern to TRB's formation before its 50x price increase, considering a long position based on the similarity.
Traders reference TRB as an example of DWF manipulation, with one analyst calling MYX a "DWF scam manipulated TRB repeat" and avoiding the trade.
Oracle tokens signal potential breakout amid ETF catalyst and growing DeFi/RWA integration needs.
Two whales deposited 226,741 TRB ($12.18M) into OKX, representing 8.42% of total supply.