Layer 1 Data Provider Flare Network Partners With Oracle Daemon To Enhance Its User Experience

Layer 1 decentralized blockchain oracle Flare Network announced a strategic partnership with Oracle Daemon, a group of talented developers working on decentralized solutions and blockchain projects. The collaboration aims to use the expertise of Oracle Daemon developers to develop a suite of useful tools that will enhance the user experience on the Flare network, the team statement released Monday reads. 

Flare Network is a layer 1 blockchain protocol that provides developers and users with a trustless and decentralized data oracle at scale. The latest suite of user tools will enhance users’ wallet management and provide a detailed and advanced data analytics tool and novel ‘executors’ to automate the process of token claiming. 

“We have been building on Flare from the start, and with this collaboration, we will develop a number of important new tools to benefit the growing network,” David Pangerl, CEO & Founder of Oracle Daemon, said. 

As stated above, the Oracle Daemon team will have three main responsibilities in developing the Flayer Layer 1 network. First, the multi-wallet management tool will enhance how users view and manage their funds across multiple wallets. The tool gives users a clear overview of balances and transactions across multiple wallets, helping them streamline their accounts. 

Secondly, the collaboration will see the Oracle Daemon developers build auto-claiming executors to enhance the token-claiming process. To save time, maximise compound interest, and avoid unnecessary exposure to a cold wallet, users on the Flare network can set an executor to claim rewards. The executors will then use automatic claiming to send rewards directly to the user’s account. With the auto-claiming executors, users can claim data provider rewards, validator rewards, FlareDrops, FTSO delegation rewards, and escrowed fund unlocks directly to their accounts.

The auto-claiming executors’ news comes days following Flare Network’s (FLR) fourth monthly community airdrop for all wrapped FLR token holders, with 6,120,632,297 WFLR eligible for the drop. 

Last but not least, the independent group of developers will also develop an advanced data provider analytics tool specifically tailored to data providers. 

“I’m most excited about the advanced data provider analytics,” David Pangerl added. “Flare is the only blockchain focused on giving developers access to quality data at scale, so whatever we can do to support and optimise the data provision process will be beneficial for the whole network.”

The tool will provide data providers with valuable insights into how their data performs and other metrics such as quality, reliability, and usage to improve the quality of data shared on the Flare network. The analytics boards will help the data providers optimise their opportunities and enhance the effectiveness of their models. 

The latest strategic collaboration continues the long relationship with Oracle Daemon, with the group of developers being one of the original data providers for the Flare Time Series Oracle on both the Flare and Songbird networks.