Strobe Protocol

The Strobe Protocol is a collection of smart contract factories that enable verifiable data to power permissionless asset issuance, permissionless market settlement, and permissionless vault strategies.

Perp City relies on the Strobe Protocol for permissionless market settlement and permissionless vault strategies.

Overview

There are two core types of contract factories that exist in the Strobe Protocol:

1. Beacons. Beacons are secure, low-latency oracles that use cryptography to enforce where data can be fed from and how it is processed. Beacons provide a way for data collection and curation to be monetized directly through fee shares with connected financial markets. Each beacon is connected to a verifier, where the data verification logic lives. The beacon contract registry stores the configuration for all deployed beacons.
2. Verifiers. Verifiers implement verification procedures for various cryptographic protocols. They receive the relevant input for the associated protocols and return boolean — true if verification passes and false if it does not. The verifier contract registry stores the configuration for all deployed verifiers.

For now, this is all you need to know.