Decentralized Oracle Service for Crypto Exchanges

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Decentralized Oracle Service for Crypto Exchanges

Inspired by a conversation on:

The Wolf Of All Streets

The Wolf Of All Streets

Markets Bleeding! Trade War Crushes Crypto | CryptoTownHall

Host: Scott Melker

Timestamp: 00:14:00 - 00:15:00

Listen to Episode • View Podcast • All Ideas from The Wolf Of All Streets

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Feather Flow

Direct Quote

"The problem with oracles are if an oracle doesn't have all the data sources available to it, it's not going to give you the right answer."

Market Gap

Crypto exchanges lack reliable oracle solutions for accurate pricing.

Many cryptocurrency exchanges rely on single sources for price data, which can lead to significant inaccuracies during volatile market conditions. This issue was highlighted during a recent market crash where exchanges using stale or inaccurate data caused substantial liquidations. Traders rely on oracles to inform their trades, and when these fail, it can lead to catastrophic losses. The lack of redundancy in data sources for pricing makes this a pressing problem for traders and exchanges alike. Without a reliable solution, the crypto market risks losing credibility and user trust.

Summary

The idea is to create a decentralized oracle service specifically designed for cryptocurrency exchanges. This service would aggregate pricing data from multiple sources, ensuring that traders have access to the most accurate and current price information. In the wake of recent market volatility, building a robust and reliable oracle could help prevent the catastrophic outcomes seen during the latest crash. This service could be integrated with major exchanges to provide a more stable trading environment. Targeted at both exchanges and traders, this oracle service would address the key pain point of price inaccuracies and enhance the overall trading experience in the volatile crypto market.

Categorization

Business Model
Platform
Target Founder
Technical
Difficulty
High
Time to Revenue
6-12 months
Initial Investment
> $10,000

Potential MRR (18-24 months)

Conservative
$5,000 - $10,000 MRR
Moderate (Most Likely)
$15,000 - $25,000 MRR
Optimistic
$30,000 - $50,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
6/10
Market Potential
8/10
Evidence
7/10
Overall
7/10
Found on October 14, 2025 • Analyzed on October 14, 2025 4:22 PM

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How should I validate this platform idea before building it?

2:34 PM

Great question! For a platform idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Technical to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your high difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 6-12 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available > $10,000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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