❓ Why Do We Need Oracles?

Smart contracts, by design, cannot access live market data on their own. This creates a critical limitation for many decentralized applications.

For example, a lending protocol built on QIE may need the current price of BTC or ETH to calculate collateral ratios. Without an oracle, this data is simply not available on-chain, making it impossible to execute accurate or safe logic.

How QIE Oracle Solves This

QIE Oracle addresses this limitation by:

• Fetching real-time price data from trusted and verifiable off-chain sources.

• Publishing price feeds on-chain via verified Oracle contracts.

• Providing a unified standard for smart contracts to query asset prices with minimal integration effort.

This ensures that decentralized financial products on QIE are:

• ✅ Accurate — reflecting real-world asset values

• ✅ Transparent — data sources and update mechanisms are publicly auditable

• ✅ Secure — tamper-resistant infrastructure prevents manipulation, even in volatile markets

By bridging off-chain data to on-chain logic, QIE Oracle plays a critical role in enabling safe, scalable, and reliable applications across the QIE ecosystem.