Tellor Tributes

Tellor Tributes (TRB) is the native token of Tellor, a decentralized oracle network built primarily for Ethereum and compatible with several other networks including Arbitrum, Optimism, Polygon, Gnosis Chain, and Manta. Tellor addresses the problem that smart contracts cannot natively access information from outside the blockchain, such as asset prices or other real-world data, which limits what decentralized applications can do. It is designed to serve developers and protocols that need a trustless, on-chain source of external data.

When a party needs an off-chain data point, such as an ETH/USD price, they use TRB to submit a request to the Tellor smart contract. Miners who have staked TRB compete to supply the requested value, and the winning answer is recorded on-chain in a time series that any Ethereum smart contract can query. The staking requirement creates an economic disincentive for miners to submit false data, since their staked tokens are at risk if they act dishonestly.

The data stored for Tellor does not include a specific protocol fee stream, so there are no fee-origin, fee-recipient, or protocol-retention figures available on this page to describe. TRB is used to pay for data requests, meaning requesters are the payers and miners are the recipients of those payments, but no quantitative breakdown of this flow is stored here. Observers should be aware that the absence of fee-stream data means any fee-based performance measures common to other protocol profiles are not applicable to this asset as currently stored.