Ares is an on-chain-verified oracle protocol that provides secure and reliable data services for the Polkadot DeFi ecosystem.
Ares protocol was founded in Auckland in August 2020. Its core members are mainly distributed in Auckland, Germany, Singapore and other places. Backed by the academic research strength of Massey University, Ares protocol first proposed the method of verification of Oracle data on the whole blockchain to ensure the security verification of data, and initiated a number of innovative achievements such as Oracle compensation mechanism. In early November 2020, it won grant of Web3 foundation and completed the code delivery in December 2020. In January 2021, Ares protocol successfully completed the first phase of private placement of 12 investment institutions.
Ares is a random security Oracle solution developed based on the substrate framework, which supports hybrid babe and off chain worker. It integrates Polkadot's latest on chain governance, brings the frontier optimal roll challenge model into the Oracle field, supports ink contracts, and brings better Oracle experience to the defi ecosystem.