Injective (INJ) Proposes 'Vulcan' Mainnet Upgrade… "Oracle Fees Cut by 90%"
Injective (INJ) has unveiled a proposal for the 'Vulcan' next-generation mainnet upgrade and has now entered the governance voting phase. According to the propo
What to know
- Injective (INJ) has unveiled a proposal for the 'Vulcan' next-generation mainnet upgrade and has now entered the governance voting phase. According to the propo
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Injective (INJ) has unveiled a proposal for the 'Vulcan' next-generation mainnet upgrade and has now entered the governance voting phase.
According to the proposal, Injective plans to execute the Vulcan mainnet upgrade (v1.20.0) on June 4. The core component of this upgrade is the introduction of a 'next-generation oracle engine.'
The key improvements resulting from the introduction of the new oracle engine are as follows:
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- Significant Gas Fee Reduction: Oracle gas fees will be reduced by 90% compared to previous levels.
- Multi-Oracle Integration: Integration with Pyth Pro and the SEDA oracle network.
- Enhanced EVM Compatibility: Provision of integrated oracle features to Ethereum Virtual Machine (EVM) smart contracts via the Precompile function.