Datamine Network Accelerates Historical On-Chain USD Pricing
💡 AI Article Summary
Datamine Network has unlocked a more efficient path to historical on-chain pricing by optimizing how the platform interacts with Ethereum's block storage. By bypassing the need to rewrite central block storage, the system can now retrieve historical data faster than ever before.
Streamlined Uniswap Data Syncing
As a demonstration of this new development, the team successfully synced all USDC/ETH Uniswap transactions in approximately 20 minutes. The next phase of development involves integrating this synced historical data directly throughout the Datamine Network ecosystem. The first iteration of historical USD pricing is projected to go live next week.
Precision Per-Block Pricing and ROL
Once integrated, historical USD pricing will provide users with highly accurate, per-block on-chain values. Instead of relying on approximations, the platform will display the exact USD value of assets at the specific time of any past block. This milestone brings the ecosystem one step closer to launching the Return on Liquidity (ROL) metric, enabling Uniswap Liquidity Providers to precisely measure their true ROI.
Hey guys I found a way to avoid having to rewrite the central Ethereum block storage at this time. This means we can get to historical pricing even faster.
I've just finished syncing all of USDC/ETH Uniswap transactions for Datamine Network which only took ~20 minutes!
Next step is to hook this data throughout the Datamine Network. I expect us to have first version historical pricing out next week!
With Historical USD pricing we'll get access to accurate per-block on-chain USD pricing. So the USD price you see will be the exact price at that time.
Just one step closer to getting true Uniswap LP ROI with our ROL metric!
Frequently Asked Questions
What is the latest update for Datamine Network's pricing engine?
The development team optimized historical data retrieval by bypassing the need to rewrite central Ethereum block storage, successfully syncing all USDC/ETH Uniswap transactions in roughly 20 minutes.
When will historical USD pricing be available on Datamine Network?
The first version of historical USD pricing is expected to launch next week, bringing accurate, per-block on-chain USD rates to the platform.
What is the benefit of per-block historical USD pricing?
Per-block historical pricing ensures that users see the exact USD price of an asset at the precise moment a block was mined, ensuring absolute accuracy for historical calculations.
What is the ROL metric in the Datamine ecosystem?
The ROL (Return on Liquidity) metric is an upcoming feature designed to calculate the true return on investment (ROI) for Uniswap Liquidity Providers within the decentralized Datamine Network.
· hodlforjesus · #dev-updates