ETS Oracle

What

The ETS Oracle facilitates off-chain processes that support the Ethereum Tag Service.

Why

The Oracle enables ETS to:

• Automate CTAG selection and release for auction
• Collect and store metadata about tagged content
• Enhance protocol functionality through off-chain computation
• Bridge between blockchain events and external data

How

The Oracle leverages OpenZeppelin Defender for event monitoring and secure transaction execution.

Auction Oracle

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The Auction Oracle is responsible for:

1. Monitoring blockchain for CTAG auction settlement events
2. Selecting next CTAG to release based on usage metrics pulled from the ETS API
3. Releasing selected CTAG through on-chain transaction. See ETSAuctionHouse.fulfillRequestCreateAuction.

Future Capabilities

As outlined in our roadmap, the Oracle will expand to:

• Enrich Target records with metadata
• Update Token information from external sources
• Support dynamic fee calculations
• Enable cross-chain functionality