Cross-chain DeFi Protocol Umee to Launch Cosmos-based Oracle Network Ojo

Cross-chain DeFi protocol Umee announced it's launching Ojo, a new chain aiming to provide oracle services to the Cosmos interchain. Any IBC-enabled chain can use Ojo.

Currently, Ojo's first iteration is being used by Umee. At genesis release, Ojo will include price feeds as well as additional safety mechanisms for DeFi protocols, like historical pricing, moving averages, and proof of reserves.

Umee said that when Ojo launches its token, it will be airdropped to the Umee ecosystem and select Cosmos chains.