5 min readAug 4, 2023

Weekly Update|Docking with exchange data flow for data verification

Dear Aresians, welcome to the Ares Protocol Weekly Update.

Ares Protocol has mainnet at block height 990766. At present, the mainnet has been running smoothly for ten months, and the team publishes important data of the mainnet every two weeks, and the current on-chain matters are active, and the total pledge is stable at more than 35,800,000 ARES.

Effective August 14, 2023, Trojan&iliad term products will be rewarded based on the latest annualized rate of return. In order to guarantee your earnings, please be sure to withdraw your rewards before August 14th!!

Here, we will keep up to date with everything about Ares!

This week’s development process

Ares Chain

1. Obtain the data types obtained on the supplementary validator chain, including transaction data and contract execution data information into the data model, and deal with possible missing values and outliers.

2. Training and tuning of predictive models, performance evaluation, and data verification of the data flow of the exchange.

Price Prediction

1. Fixed the problem that the API of the price prediction countdown page could not be used, and added a new way to calculate the countdown date

2. The prediction page of the test price prediction adds the accuracy and win rate of the actual prediction after calling AI to assist in judging the predicted price, and the comparison of the data before the AI

3. Cross-chain programs eth, bsc to Odyssey to increase the record of on-chain transaction details and add detailed data to the background management page.

This week’s market & community

Mainnet Online Data

The Ares technical team completed the mainnet development of the Ares Protocol. It realizes the basic functions of Ares Oracle: based on the Substrate framework, it has developed three functions: “quotation integration”, “validator reward distribution” and “new validator compliance review”.

At present, the mainnet has been running smoothly for ten months, and the on-chain matters are active, and all data have achieved good performance. Below is the on-chain data as of 7.31.

From an economic point of view, it includes the pledge, loan-to-value, inflation rate and burn quantity of the mainnet token ARES.

In terms of activity, it includes the number of accounts, validators, candidates, and nominators.

The following is the total staking situation of the 7.15–7.31 mainnet, and the total pledge is stable above 35,800,000 ARES.

From an economic point of view, it includes the pledge, loan-to-value, inflation rate and burn quantity of the mainnet token ARES.

In terms of activity, it includes the number of accounts, validators, candidates, and nominators.

The following is the total staking situation of the 7.15–7.31 mainnet, and the total pledge is stable above 35,800,000 ARES.

The following are the top 10 validators’ stakes.

Social Media Numbers

At present, the project Twitter has 30K subscriptions, WeChat public account has a total of 1.1K subscriptions, and Medium fans are 2.6K. The total community size is currently 44.1K.

Trojan & iliad Staking

Ares Trojan staking mining, which is based on the Ethereum network, is ongoing. This week, the 60-day periodic product pledge was 597,433 ARES; 120-day regular product pledge of 221,417 ARES; 180-day regular product pledge of 2,250,490 ARES; 459,049 ARES for 270-day regular products; Notably, the 360-day regular product pledge is 6,351,067 ARES.

The 60-day regular product pledge for the week was 2,606,688 ARES; 2,369,734 ARES for 120-day regular products; 180-day periodic product pledge of 2,886,411 ARES; 2,039,197 ARES pledged for 270-day regular products; The 360-day regular product pledge was 32,755,786 ARES.

That’s it for this week’s Weekly Update, we’ll see you next week!

Ares Protocol is a decentralized cross-chain oracle platform that introduces a truly new generation of cross-chain oracle service protocols with on-chain data verification and is the first to open a compensation channel for data users in case they suffer business losses due to the use of data provided by the oracle.

Ares Protocol is an oracle solution with security using VRF, developed on the Substrate framework, and it supports hybrid Babe and off-chain workers. It integrates Polkadot’s latest on-chain governance, brings the Optimistic Rollup challenge model into the oracle field, supports the Ink contract ecosystem, and brings better oracle services to DeFi Developers.

🌐 Ares Protocol Social Media

Telegram Group: https://t.me/aresprotocollab
Telegram Channel: https://t.me/AresProtocolAnnouncements
Twitter: https://twitter.com/AresProtocolLab
Facebook: https://www.facebook.com/aresprotocollab
Instagram: https://www.instagram.com/aresprotocollab/
Medium: https://aresprotocollab.medium.com
Discord: https://discord.gg/cqduK4ZNaY
Reddit: https://www.reddit.com/r/AresProtocolLabs/
Email: info@aresprotocol.io
Youtube: https://www.youtube.com/channel/UCgwY4NwkoP8Hx1Fqmp_rJUw

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