Augur Decentralized Oracle System

    The Augur Decentralized Oracle System is Augur’s proprietary oracle system designed to help data from the physical world and the blockchain world communicate. Augur’s oracle system assists the prediction market platform in reaching a consensus on outcomes by aggregating continuous real-time price feed data from the internet (via sources such as CoinMarketCap, CoinGecko, and Binance) to achieve the most accurate live price data on an ongoing basis. Typically, market outcomes are heavily reliant on market price feed validation. The Augur Decentralized Oracle System employs a Designated Reporter who stakes REP tokens to report on the outcomes of events in various markets.