Polkadot DeFi developers may soon get a new oracle provider with historic data

Distributed storage project Bluzelle will be collaborating with the Web3 Foundation to bring its oracle system for use in the Polkadot decentralized finance ecosystem.

The project formally announced on Sept. 15 that it would integrate its services with the Polkadot network, specifically its price oracle solution that could be used by DeFi projects building on the network.

The project has recently turned to the oracle space, using its database core to provide additional functionality over existing solutions like Chainlink or Band Protocol.

The Polkadot collaboration will involve building "a bridge to Polkadot as part of their select builders [program]," Bains said.

Bluzelle's databases and oracles would be made available to all projects building on Polkadot's Substrate framework, he added.

The integration comes as Polkadot keeps pushing heavily for building DeFi infrastructure on its chain.

Bluzelle would come as an additional oracle provider as Chainlink was previously adapted to Polkadot by the Parity team.

Polkadot is already seeing several DeFi projects from other chains setting up shop, while new concepts like liquid staking are being tested on Polkadot first.

Some DeFi experts argue that the success of Polkadot DeFi relies on creating bridges to Ethereum liquidity.

Polkadot maintains an interoperability-centric vision that encourages bridges to other blockchains, and some of that can be seen in the decision to collaborate with Bluzelle - a project built on what is arguably Polkadot's closest competitor, Cosmos.