Just tonight Bram Cohen and the Chia Network team have released this blog post on their vision for Decentralized Finance – DeFi – on the Chia blockchain. It is a very good read, and well written, and explains the difference between singleton/NFTs and coloured coins. This is not something I knew before, and it is very interesting.
The blog post outlines a number of financial programming instruments they see will be implemented in Chia using Chialisp, following a similar model to the on-chain pooling protocol that was just released.
If you have any interest in the future of Chia as an ecosystem I highly recommend this blog post. It is a must read for anyone who plans to get into the Chialisp programming environment or partake in the hopefully-upcoming hackathon.
Edit: I am a little weirded out by his use of the computer science term “oracle” to define a concrete pricing tool on the blockchain. I am aware it is commonly used in Crypto to refer to an off-chain source of data to be used in on-chain programming. However, in Computer Science the term “Oracle” refers to a mythical blackbox which simply responds to a query perfectly all the time with the correct answer.
It is a thing that does not, and can not, exist. It is a theoretical tool for representing other systems so you don’t have to worry about integration problems while solving a particular problem. But here he is talking about it like like its just a thing computer scientists create. Its not.