Share useful data with miners and get a portion of their rewards.
A large competitive advantage for miners comes from their data sources. In traditional financial markets, firms
seek reliable and robust data to improve their investment strategies and gain an edge. For liquid asset markets,
firms may seek “alternative” data to provide valuable insights and a deeper understanding of various aspects
of the market and the economy. In the case of illiquid or long-tail asset markets, even basic transactional price
data may be rare or difficult to come by.
The Upshot Network seeks to allow miners the maximum freedom to forge their own relationships with data
providers, while also helping to enforce data subscription agreements. Upshot Network allows for explicit on-
chain revenue sharing between multiple addresses to aid in arbitration disputes. For example, a miner would
specify an array of addresses, including themselves, of various non-negative weights summing to 1 to determine
how protocol revenue should be split. For example, a miner may set “0x01:0.5, 0x02:0.2, 0x03:0.3” to signify
that they, “0x01”, receive 50% of the reward, and data providers, at “0x02” and “0x03”, receive 20% and 30%,
respectively. For the protocol’s efficiency, this may be abstracted by a contract at a single address the protocol
sends funds to. If data providers “0x02” or “0x03” do not agree with their revenue allocation, they could simply
stop streaming updated time-series data to the miner, thereby risking the future success and revenues of the
Updated 22 days ago