Question 1

What is Switchboard (SWTCH)?

Accepted Answer

Switchboard is a permissionless, customizable oracle network that delivers real-time data to blockchains. It provides price feeds, verifiable randomness, and an oracle aggregator that can combine multiple providers (e.g., Chainlink, Pyth) into a single feed. Switchboard’s new Surge service streams prices over WebSockets with sub-100 ms end-to-end latency for latency-sensitive apps.

Question 2

What is Switchboard (SWTCH) used for?

Accepted Answer

SWTCH is the network’s governance and utility token. Holders can stake SWTCH to mint svSWTCH, which conveys voting power and eligibility for network rewards and prioritization within the oracle network. Staking is part of Switchboard’s economic security model; the token also underpins proposal voting and other governance actions.

Key features

* **Surge streaming feeds**: Sub-100 ms WebSocket price delivery; supports high-frequency trading, dashboards, and perps.
* **Oracle aggregator**: Build custom feeds that aggregate from multiple oracle sources for redundancy and best-price discovery.
* **Verifiable randomness (VRF)**: SGX-attested randomness with on-chain verification and callback workflows; SDKs available.
* **Permissionless custom feeds**: Create and simulate feeds; tooling like Crossbar supports off-chain simulation and encoded updates for EVM and non-EVM chains.

Question 3

Who created Switchboard (SWTCH)?

Accepted Answer

Switchboard launched in 2021 as an oracle on Solana and has expanded to multiple chains. It supplies feeds for hundreds of assets and is used by numerous DeFi projects. The protocol is open source and operates a multi-role node architecture (guardians, routers, workers) to verify code integrity, route tasks, and serve data.