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Episode Two in a (Mostly) Monthly Series

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A lot’s happened since our last AMA. We announced the three-phase rollout of our testnet, and launched phase one. We locked all token reserves on-chain in timeLock smart contracts. We gave away 1,000 XFT in the Offshift Content Contest, which produced many quality memes. And at the end of last month we announced the integration of Chainlink oracles and launched phase two of the Offshift testnet.

While we’re hard at work building the Offshift protocol and ecosystem, we certainly want to keep our community in the loop, so we’re holding our second AMA!

Feel free to ask Johnny, Paul or George anything Offshift-related via the form below. …


Offshift’s Public Testnet Phase Two Is Now Live With Chainlink Oracles Integration

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Private DeFi, storage and staking protocol Offshift has integrated Chainlink’s market-leading decentralised oracle network to securely and reliably bring accurate, transparent, real-time price data from the off-chain world to the Offshift ecosystem on Ethereum. This allows users to mint, burn, and trade zkAssets based on a fair market price of the underlying collateral at the time of the shift, leading to private digital assets within DeFi.

Offshift developers have completed the oracle integration on Ethereum’s Rinkeby testnet.


Price-Pegged Shifts Between Two ERC20 Assets Using Chainlink’s Oracles

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The Offshift testnet phase two dashboard

With Offshift’s oracle announcement today —

— we’re pleased to also announce that phase two of our public testnet — price-pegged shifts between two ERC20 assets using Chainlink’s oracles — is now live.

This is the second installment in a three-phase public testnet rollout that began when phase one launched in August, and — per our development roadmap — will be completed by year’s end with the launch of the third and final phase.

To try a price-pegged shift, be sure you have the MetaMask browser extension installed and follow the step-by-step instructions below! …

About

Offshift

XFT & zkUSD | Cryptographically private offshore storage & DeFi protocol on Ethereum https://offshift.io

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