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Chronicle Protocol has long been the second-largest Oracle provider in the blockchain ecosystem, securing approximately $5bn worth of assets at the time of writing, yet you probably haven’t heard of it. 

As it turns out, this is for good reason. Although Chronicle has been live since 2017, its Oracles were only exclusively available to MakerDAO and its ecosystem. Until now. 

Kicking off with a keynote address at Permissionless, Chronicle Protocol opened upaccess to all Web3 builders – making their Oracles initially available on Ethereum and Polygon zkEVM, in collaboration with Polygon Labs.

Ahead of the highly anticipated release, we sat down with Niklas Kunkel, the Founder of Chronicle Labs, and former IBM Research & MakerDAO, to discover a little more about Chronicle and the person behind this interesting new development for Oracles:

Nik, can you start by telling us a little about yourself and what you’ve worked on in the space?

“Sure, I started out working on the Hyperledger blockchain at IBM Research before joining Maker in 2016 as a member of the founding team. This is where I co-developed the first Oracle on Ethereum with Mariano Conti to facilitate the creation of SAI, the predecessor to DAI. 

During my time at Maker, I also created DSProxy, an industry-standard account abstraction primitive, and OasisDEX, the first decentralized exchange on Ethereum with an order-matching engine. As of 2021, the focus has been on developing Chronicle to drive a new paradigm around the verifiability and cost efficiency of on-chain data.”

What drove you to take Chronicle Protocol in thi
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Author: Adrian Barkley

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