CF Benchmarks launches an oracle service CFB Oracle
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CF Benchmarks launches CFB Oracle, providing blockchain applications with benchmark index data for multiple asset classes.
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a subsidiary of Payward CF Benchmarks launches oracle service CFB Oracle
PANews October 27 According to CoinDesk, the index provider under Kraken parent company Payward CF Benchmarks announced the launch of an oracle service CFB Oracle. Blockchain applications can use the service to access its cryptocurrency, stock, bond, commodity, and foreign exchange benchmark indices for building on-chain index funds, tokenized portfolios, and derivatives. BlackRock Bitcoin ETF and CME crypto futures all use its indices, with the assets of the relevant products exceeding 120000000000 USD. The service is now available on Ethereum, HyperEVM, and Robinhood Chain. The data is digitally signed, allowing its source to be verified. All indices are published to all clients at the same frequency, with no additional fees for faster data access. Payward plans to use it for Hyperliquid-based U.S. perpetual contract products...
The index provider under Payward CF Benchmarks announced the launch of an oracle service CFB Oracle。
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The service provides access to benchmark indices for cryptocurrencies, equities, bonds, commodities, and foreign exchange.
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Relevant applications include on-chain index funds, tokenized portfolios, and derivatives.
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BlackRock Bitcoin ETF and CME crypto futures use its index, with related products' assets under management exceeding 120000000000 USD。
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CFB Oracle is now live on Ethereum, HyperEVM, and Robinhood Chain.
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The data is digitally signed, allowing its source to be verified.
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Each index is published to all clients at the same frequency, with no additional charges for faster access to data.
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Payward plans to use it for U.S. perpetual futures products based on Hyperliquid.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Oracle services provide external market data to blockchain applications.CFB Oracle provides benchmark indices for multiple assets, which applications can use to build on-chain financial products.
Why it matters to readers
This provides blockchain applications with an announced live service for accessing benchmark data on cryptocurrencies and traditional assets.
Beginners can understand it as infrastructure that enables blockchain applications to obtain standardized market price and index data.
Risks and unknowns
Not stated in the report CFB Oracle's actual adoption scale.
Payward plans to use it for U.S. perpetual contract products based on Hyperliquid, but the original text does not state whether this plan has been implemented.
The original text is a PANews report citing CoinDesk; the complete details require reviewing the original link.
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Oracle
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A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
