Reputation DAO is excited to announce that it is integrating with Arbitrum to bring Oracle Reputation functionality to users, protocols and Oracles operating on Arbitrum mainnet.

Users of protocols and contracts on Arbirtrum will be able to inspect and validate the data security for each of their contracts. This will promote Oracle transparency and security awareness across the DeFi community.

By supporting even more contracts and protocols, this integration improves value and reaches more DeFi users.

Reputation DAO is excited to announce that it has expanded Oracle Reputation to Polygon! This integrates the functionality of its Oracle Reputation product with the Polygon network. Users of protocols and dApps on Polygon can now monitor and audit the Oracles and DONs that they rely on.

By supporting even more contracts and protocols, this integration provides better value and reaches more DeFi users.

Reputation beyond Ethereum

Reputation DAO is committed to enabling a new frontier in DeFi and programming reputation into Oracle networks. The vision for the Oracle Reputation product is to provide credibly neutral reputation as a service for Chainlink Oracles, DAOs, smart contract protocols and their users. This is as an essential part of the DeFi promise. A permission-free, trustless, open economic system needs tools that enable its users to participate on a level playing field.

The Nobel laureate George Akerlof’s most famous idea is the market for lemons. As he argued in his paper published in the Quarterly Journal of Economics in 1970, markets have a problem with information. If a buyer is too uncertain whether a secondhand car they’re being offered has been well maintained, they’ll just walk away. There is an asymmetry of information between the buyer and the seller — the seller knows more about the product than the buyer.

The question for Akerlof was this: information asymmetry is everywhere; so how does the market function at all? The answer is institutions. Some of those institutions are laws and regulations that protect consumers. But others are brands, social identities, credit scores, and rating agencies that allow us to trade confidently even when we can’t personally verify everything about the products we buy and the services we interact with.

The goal of Reputation DAO is to provide that institutional layer for the cryptoeconomy. How do we know how reliable a service is? How do we know which of our counterparties are trustworthy? Which Oracles are reliable?

Often everything we need to know exists in public and on-chain. But just as the secondhand car buyer could personally inspect every part of the car for wear and tear, participants in the cryptoeconomy rarely have the skills or time to personally inspect every smart contract, to analyse how closely an Oracle tracks the underlying price, or conduct due diligence on the developer of a new protocol or NFT launch.

We’re becoming a DAO and have some exciting new updates!

Reputation DAO

Reputation will be transitioning to a DAO which will govern the Reputation ecosystem. Broadly, our vision is to provide credibly neutral reputation as a service for Chainlink Oracles, DAOs, smart contract protocols and their users. Reputation DAO will primarily govern the Relative Performance Ranking (RPR) score and its applications, which is touched on briefly below.

The reputation.link platform will be one of the services that Reputation DAO provides. The DAO will create different platforms and applications for reputation that will serve the open blockchain ecosystem.

Reputation DAO is excited to announce that it has integrated its Oracle Reputation product with Tracer DAO!

This integration will enable Tracer Perpetual Pool users to inspect and validate the data security for each of their contracts. This will promote Oracle transparency and security awareness within the Tracer DAO community.

About Tracer DAO

Tracer DAO is an open-source, smart contract protocol for derivatives that enables anyone to deploy a derivatives market from a Tracer Factory template to manage their digital and real-world financial risk.