Potential Alternative Asset Classes in a Decentralized Environment

One primary component of Phoenix Global is the Phoenix Oracle, which integrates real-world asset prices into the blockchain. It is geared for the enterprise while keeping the consumer in mind. Oracles are a vital part of the Phoenix Global Node Ecosystem. They allow external data from other ecosystems to be fed to internal enterprise applications and decentralized finance (DeFi) platforms. A DeFi platform such as Horizon Protocol uses the Phoenix Oracle in much the same way that Aave or Compound connect to decentralized oracles to fetch external data on coin prices and other essential metrics to use in conjunction with their respective smart contracts. How does Phoenix Global expand mainstream DeFi? Phoenix Global node operators form a network to provide data for decentralized oracles. In return, they are given weighted incentives or staking rewards, currently in the form of PHB (Phoenix Global’s native token). These node operators are essentially the top stakers in the system and must stake a minimum of 1 million PBH (Platinum tier) to qualify. Higher staking rewards are offered in Zirconium (5m) and Diamond (10m) tiers, at around 31% and 35%, respectively.  These large nodes or stakers are important as they provide the large amount of PHB tokens needed as collateral for the Phoenix Defi Oracle to provide correct data and maintain uptime.   A well-functioning and secure oracle can act as a base for interesting...