‍SEDA’s v1.0 upgrade marks the dawn of a new Oracle era, shifting from provider-dictated feeds to a complete developer-led freedom to build any application on-chain. 

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Rigid, costly and restrictive oracle models are the cornerstone of stifled on-chain development. On-chain application innovation remains non-existent, as both users and builders are forced into using the same applications and data within the same ecosystems. With access limited to the same basic, default price feeds, we can only expect the same applications to be built on repeat. 

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As crypto enters the era of on-chain programmable money, the true potential of on-chain applications will be unlocked by programmable oracles. SEDA v1.0 brings the internet on-chain reducing access to new data feeds for any type from months to minutes. With the upcoming launch, builders can deploy data feeds tailored to their use case, rather than having to tailor their use cases to the available data feeds. 

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Article Overview

• Upgrading Stifled Innovation To Limitless Development
• The Internet Onchain | Limitless Use Cases 
  
  • Unrestricted DevX, Unrestricted Expansion
  • Build Dynamic UX Into Static Apps
  • Programmable RWA’s Need Programmable Oracles 

Upgrading Stifled Innovation For Limitless Development 

Traditional oracles, though foundational for early on-chain applications, were built for a legacy blockchain environment. Connecting to new networks requires redeploying infrastructure, from smart contracts to feeds, which demands significant developer resources and costs. With hundreds of chains and applications today, traditional oracles can't keep up. Their rigid design and high integration costs, often reaching millions, make them unsuitable for modern needs.  Built for static data, they fail to support the dynamic, programmable demands of current applications. As a result, new networks struggle to access oracles, users are forced to use the same applications over and over, while developers are stuck building on core networks using outdated, inflexible data feeds.

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SEDA’s v1.0 marks the pivot from rigid, high-cost, oracle-dictated data feed environments to developer-led, limitless on-chain innovation. Traditional oracles restrict builders by controlling what data is available on which chains. In contrast, SEDA’s intent-driven, programmable oracle network enables one-click, one-contract access to any internet data from any chain. By integrating SEDA, builders take control over the data feeds they can access by deploying custom oracle programs that define instructions on how to execute data requests as needed by their app. This pivot flips the script on outdated oracle models, putting the creative power in the hands of developers, which ultimately will usher in the first wave of great on-chain applications.  

The Internet Onchain | Limitless Use Cases

Static data feeds have led to static applications that fail to reach their full potential. Data ingestion is the lifeblood of any good application, providing the information required for every on-chain experience. By opening the data flood gates and connecting any developer with any data available online, plus a suite of private suppliers, we unlock three core outcomes:

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1. Builders experience unrestricted development accessing data as needed. 
2. Static applications can build-in dynamic user-experiences.  
3. Developers can bring any use case on-chain. 

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Access any data as needed for unrestricted DevX

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For networks starving for flexible data access, they can offer their builders day-one access to any data they need. The chicken and egg problem faced by networks–where oracles are needed to attract developers, yet oracles require developer traction to justify deployments–has finally been solved. Networks can give developers access to any data for any use-case on day-one and begin creating applications that can attract new users and liquidity. 

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Up-and-coming networks like Babylon or Mantle can freely build DeFi and lending protocols, using native assets as collateral to attract new liquidity and users to their networks. Chain Abstraction providers such as Socket or Particle Network can expand their solver services to any chain with verification of Oracle Programs in seconds. By putting oracle power in the hands of developers, they have the ability to expand and offer new services on their own time, without breaking the bank. 

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Building dynamic experiences into static applications

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1. Dynamic loan-to-value collateral ratios for next-generation lending

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For the latest lending applications, such as Superseed, they can embed dynamic behaviour into their applications using SEDA. Oracle Programs can be deployed to track metrics such as on and off chain liquidity, sentiment, volumes and even IRL events such as fed and government fiscal updates. This information can be digested by smart contracts on lending protocols to offer dynamic loan-to-value ratios based on real-time metrics.

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2. Gamify ecosystem activity for power-user benefits 

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For the case of Superseed, they’re built into the Optimism stack. Oracle Programs on SEDA can scrape user account data across any OP chain. This would allow Superseed to offer their automated loan repayment service primarily to the most active Optimism ecosystem users by assigning scores based on ecosystem behaviours. This encourages keeping user activity and liquidity within their ecosystem while incentivizing users to return to their applications. 

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3. Dynamic agentic functions as in development with SEDA & Khalani 

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In an agentic on-chain future, like the one being pioneered by Khalani Network, agents need dynamic, unrestricted access to data to freely execute user intents. With the SEDA and Khalani Network partnership, agents will be able to deploy Oracle Programs to the SEDA network as needed to access data as required. Agents can read and collaborate on user intents within the Khalani Network environment and then leverage SEDA to ensure unrestricted access to internet or on-chain data as necessary to complete complex user transactions. 

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Bring any use case on-chain - Programmable RWAs need programmable oracles 

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RWAs are one of the hottest topics right now. However, the truth is that without programmable oracle access, RWAs can never truly come on-chain. For common RWAs, such as tokenized stock, to truly be mirrored on-chain, smart contracts need to be able to digest the information associated with the environment in which the stock is traded in the real world. Using SEDA, RWA providers like Collateralize, Ondo Finance and Plume will be able to deploy programs that track in-real-life events, such as stock splits, trading halts, and high-fidelity asset price data, from real-world sources such as LBMA for Gold. 

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By bringing in-real-life events and announcement data on-chain with SEDA, RWA providers can offer dynamic assets that reflect real world events on-chain within the user account. In the case of a stock split, using SEDA, these providers can ensure assets reflect real world changes without on-chain holders being required to update their assets. Programs can also be used to deploy regulatory-friendly RWAs that reflect regulatory requirements within the asset. Programmable money and programmable assets both require programmable data feeds to fuel their dynamic requirements.

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