Mission DeFi EP 76 - Critical Decentralized Oracle System - Nick Fett of Tellor ( @WeAreTellor )

<p>Oracles are critical infrastructure in DeFi, but most of the options we have today are centralized and at risk for censorship or failure. It could literally take down the entire system. Nick Fett and his founding partners have been working since 2018 to build a truly decentralized oracle system that can withstand threats and they are starting to get the kind of traction that is critical to the success of all of DeFi.</p> <p><strong>Reddit</strong> - Join us on Reddit where we want to hear your favorite projects, your ideas, your opinions, and your feedback on our shows: <a href="https://www.reddit.com/r/MissionDeFi/">https://www.reddit.com/r/MissionDeFi/</a></p> <p>We need your help to keep the show going. Please rate and review us on Apple Podcasts - <a href="https://podcasts.apple.com/us/podcast/mission-defi/id1574134305">https://podcasts.apple.com/us/podcast/mission-defi/id1574134305</a> or Spotify - &nbsp;<a href="https://open.spotify.com/show/5STK6Qr0jXI57pLIvGK6Mn">https://open.spotify.com/show/5STK6Qr0jXI57pLIvGK6Mn</a></p> <p>Video version of this episode: <a href="https://youtu.be/nvet5CwDOcY">https://youtu.be/nvet5CwDOcY</a></p> <p>Project Name: Tellor</p> <p>Project URL: <a href="https://tellor.io/">https://tellor.io/</a></p> <p>Project Twitter: <a href="https://twitter.com/WeAreTellor">https://twitter.com/WeAreTellor</a></p> <p>Guest Name: Nick Fett</p> <ul> <li>Economist</li> <li>Started working at CFTC</li> <li>Joined the blockchain working group there</li> <li>Left in 2017</li> <li>Started with the idea of starting a derivatives project on a sidechainGot an Ethereum Foundation grant<br> Did a research paper on why it was a bad idea<br> </li> <li>The problem he hit at that time was the oracle problem. There were no real oracles at the time</li> <li>The original oracle was a guy that setup a server, but he quit.</li> <li>Decided to pivot from derivatives into solving the Oracle problem in 2018</li> <li>Chainlink wasn't launched yet. Nothing really existed.</li> <li>He was determi