There are two main ecosystem roles in the protocol. A user can interact with the protocol through either or both roles, described below.

Price Seeker

Price Seekers are anyone seeking accurate pricing information that will enable decision making, such as crypto projects, issuers, investors, lenders, and analysts.

From the protocol, Price Seekers will post questions on asset prices and offer a bounty that will incentivize price providers (Price Experts) to submit accurate pricing estimates during an established submission period. This bounty will then be distributed to participating Price Experts through a proprietary reward mechanism.

Price Expert

Price Experts are subject matter experts or market participants with insights into asset prices. Price Experts offer their knowledge by answering pricing enquiries posted by Price Seekers on the protocol and receive bounties and reputations incentives.

Price Experts could be brokers, traders, investors, and anyone familiar with private market activities. A broker, for instance, has knowledge and insight into the latest transaction prices and is aware of current indicative buy and sell offers for a specific asset class. Currently, these brokers have no incentives to disclose pricing information to fellow market participants, creating an opaque market for private assets. This also applies to investors who have regular touchpoints with their investment portfolios and other market participants, thereby better estimating prices changes.

Last updated