# openOracle - trust-minimized pricing > openOracle is a trust-minimized on-chain price oracle. Unlike AMM oracles that rely on traded prices, it relies on the lack of a trade. Source: https://www.openoracle.org/ # TOKEN PRICES SECURED BY OPEN MARKETS openOracle settles token prices for [swaps](https://www.openoracle.org/use-cases/swaps), [lending](https://www.openoracle.org/use-cases/lending) and [derivatives](https://www.openoracle.org/use-cases/derivatives) with no admin keys or whitelisted reporters, backed by tradable capital sized to each position. 1× 2× 4× 8× 16× Why openOracle ## What openOracle changes openOracle gives protocols a token price without having to trust a whitelisted set of reporters. Everyone can submit a price, anyone can challenge it, and both sides have to put real money behind their claim. If a submitted price is wrong, anyone can trade against it for a profit. When nobody challenges a price before the timer runs out, it is evidence of correctness. Security is sized to each position, so the oracle never outgrows what it secures Oracle cost per liquidation 5–200× ## less of the liquidation spent on the oracle. The bonus stays with the liquidator and the lending market. Liquidation bonus 100% Fee-recapture oracle A cut of every liquidation bonus, growing with position size openOracle report The cost of one price report, paid out of the liquidation Example: a $100 ETH-backed loan liquidated with a 5% bonus. Fee-recapture range assumes 25–90% of the bonus is recaptured, with a 35% oracle share. openOracle range is the expected cost of one report, excluding gas. Solid shows the low estimate, hatching the high one. 2× ### EXPONENTIAL COMMITMENT ESCALATION Anyone can dispute by swapping against mispricing — the disputer must become the next reporter, posting larger token commitments each round The Oracle Game Watch how prices settle through economic incentives. Reporters commit real tokens, disputers take mispriced orders, and escalation mechanics enforce honest reporting. ## Settlement by Absence openOracle is not a price feed, it is a settlement-grade oracle. ### One Honest Trader Is Enough Committee oracles need most of their nodes to stay honest. openOracle needs one person, anywhere, to catch a wrong price. ### No Keys, No Whitelist No admin keys, no upgrades, no approved reporters. Nobody can switch it off or rig it. ### You Set the Security Choose how much capital backs each price, so the cost of faking it matches what's at stake. ### Lack of Trade Unlike AMM price oracles that rely on traded prices, openOracle relies on the lack of a trade. This gives price safety at the tradeoff of liveness. Ecosystem Five products, one oracle. [Price discovery and execution are the same primitive. /0.1 Swap](https://swap.openoracle.org/)[Peer-to-peer leverage on a fully on-chain request-for-quote. /0.2 Punt](https://punt.openoracle.org/)[P2P credit rails. Oracle-settled liquidations, no signer votes. /0.3 Lend](https://lend.openoracle.org/)[Live explorer for every oracle report on-chain. /0.4 Scan](https://scan.openoracle.org/)[Dispute bad prices. Get paid for it. /0.5 Game](https://game.openoracle.org/) ## Choose your path openOracle needs two sides: applications that demand settlement and operators who supply the economic security. [### INTEGRATE Use a price when the decision matters. Wire settlement into liquidations, expiries, redemptions and execution. Get contract interfaces, deployment addresses, callback patterns and parameter guidance. Explore Integrate⟶](https://www.openoracle.org/build/integrate)[### OPERATE Put capital to work securing prices. Report, dispute, match, settle or execute. See how each role earns, what capital it requires and the infrastructure needed to run it. Explore Operate⟶](https://www.openoracle.org/build/operate) ## D O C U M E N T A T I O N \_ A R C H I V E ┌────┬─────────────────────────────────────┐ │ ID │ DOCUMENT │ ├────┼─────────────────────────────────────┤ [│ 01 │ It's All About the Multiplier │](https://medium.com/@openOracleProject/its-all-about-the-multiplier-d0588010bc4d)[│ 02 │ Trillion Dollar Bets │](https://medium.com/@openOracleProject/trillion-dollar-bets-27e7b474a0f1)[│ 03 │ Oracle Lifecycle │](https://docs.openoracle.org/openoracle/oracle-life-cycle#how-openoracle-works)[│ 04 │ Introduction to openOracle │](https://medium.com/@openOracleProject/introduction-to-openoracle-e2b4f60a3617)[│ 05 │ Price Oracles in DeFi Today │](https://medium.com/@openOracleProject/price-oracles-in-defi-today-e65aea2930d8)[│ 06 │ Project Update: Optimism Grant │](https://medium.com/@openOracleProject/project-update-optimism-grant-9ae29d37be07)[│ 07 │ Perspectives on Trust Minimization │](https://medium.com/@openOracleProject/perspectives-on-trust-minimization-94e251fad9f9) └────┴─────────────────────────────────────┘ ┌──────┬─────────────────────────────────────────────┬──────────────────┬───────────┐ │ ID │ DOCUMENT │ SOURCE │ DATE │ ├──────┼─────────────────────────────────────────────┼──────────────────┼───────────┤ [│ 01 │ It's All About the Multiplier │ OPENORACLE │ 2025 │](https://medium.com/@openOracleProject/its-all-about-the-multiplier-d0588010bc4d) [│ 02 │ Trillion Dollar Bets │ OPENORACLE │ 2025 │](https://medium.com/@openOracleProject/trillion-dollar-bets-27e7b474a0f1) [│ 03 │ Oracle Lifecycle: From Report to Settlement│ OPENORACLE DOCS │ 2025 │](https://docs.openoracle.org/openoracle/oracle-life-cycle#how-openoracle-works) [│ 04 │ Introduction to openOracle │ OPENORACLE │ 2025 │](https://medium.com/@openOracleProject/introduction-to-openoracle-e2b4f60a3617) [│ 05 │ Price Oracles in DeFi Today │ OPENORACLE │ 2025 │](https://medium.com/@openOracleProject/price-oracles-in-defi-today-e65aea2930d8) [│ 06 │ Project Update: Optimism Grant │ OPENORACLE │ 2026 │](https://medium.com/@openOracleProject/project-update-optimism-grant-9ae29d37be07) [│ 07 │ Perspectives on Trust Minimization │ OPENORACLE │ 2026 │](https://medium.com/@openOracleProject/perspectives-on-trust-minimization-94e251fad9f9) └──────┴─────────────────────────────────────────────┴──────────────────┴───────────┘ ┌────┬──────────────────────────────────────────────┐ │ ID │ DOCUMENT │ ├────┼──────────────────────────────────────────────┤ [│ 01 │ It's All About the Multiplier │](https://medium.com/@openOracleProject/its-all-about-the-multiplier-d0588010bc4d)[│ 02 │ Trillion Dollar Bets │](https://medium.com/@openOracleProject/trillion-dollar-bets-27e7b474a0f1)[│ 03 │ Oracle Lifecycle: From Report to Settlement │](https://docs.openoracle.org/openoracle/oracle-life-cycle#how-openoracle-works)[│ 04 │ Introduction to openOracle │](https://medium.com/@openOracleProject/introduction-to-openoracle-e2b4f60a3617)[│ 05 │ Price Oracles in DeFi Today │](https://medium.com/@openOracleProject/price-oracles-in-defi-today-e65aea2930d8)[│ 06 │ Project Update: Optimism Grant │](https://medium.com/@openOracleProject/project-update-optimism-grant-9ae29d37be07)[│ 07 │ Perspectives on Trust Minimization │](https://medium.com/@openOracleProject/perspectives-on-trust-minimization-94e251fad9f9) └────┴──────────────────────────────────────────────┘ [\[MEDIUM-MULTIPLIER\]](https://medium.com/@openOracleProject/its-all-about-the-multiplier-d0588010bc4d) [\[MEDIUM-BETS\]](https://medium.com/@openOracleProject/trillion-dollar-bets-27e7b474a0f1) [\[DOC-LIFECYCLE\]](https://docs.openoracle.org/openoracle/oracle-life-cycle#how-openoracle-works) [\[MEDIUM-INTRO\]](https://medium.com/@openOracleProject/introduction-to-openoracle-e2b4f60a3617) [\[MEDIUM-DEFI\]](https://medium.com/@openOracleProject/price-oracles-in-defi-today-e65aea2930d8) [\[MEDIUM-OPTIMISM\]](https://medium.com/@openOracleProject/project-update-optimism-grant-9ae29d37be07) [\[MEDIUM-TRUST\]](https://medium.com/@openOracleProject/perspectives-on-trust-minimization-94e251fad9f9)