How Does an Oracle Service Provider Earn Revenue?
Oracle service providers earn revenue primarily through charging fees to the smart contracts or decentralized applications (dApps) that consume their data. This fee is typically paid in the network's native token or the oracle service's token and is used to compensate the decentralized network of node operators for their computational work and for staking collateral to guarantee data accuracy.
Glossar
Oracle Service
Data ⎊ Within cryptocurrency derivatives and options trading, data integrity is paramount; an Oracle Service functions as a bridge, relaying external market information ⎊ price feeds, settlement figures, or macroeconomic indicators ⎊ onto blockchain networks.
Revenue
Yield ⎊ Revenue within cryptocurrency, options trading, and financial derivatives represents the economic gain derived from deployed capital, factoring in both explicit payouts and implicit benefits like optionality value.