Links

Overview

Oracle code will be run by designated FIO Chain BPs with access to:
- FIO Chain: Existing FIO BPs already run FIO nodes.
- Ethereum Chain: Local Ethereum node is preferred, but Infura or Etherscan can also be used.
Oracles will:
- On the FIO Chain
  - Monitor specific account by inspecting every block and looking for FIO contract wraptokens action
  - Execute ERC20 wrap action to mint wFIO to the designated account
- On the Ethereum Chain
  - Monitor Ethereum smart contract for inbound transfers of ERC-20 wFIO
  - Execute FIO contract unwrap action to transfer FIO to the designated account

The Ethereum wrapping/unwrapping contract specification is detailed on the wiki: fio.erc20 - wFIO Contract Specification
Github fio.erc20 repository: https://github.com/fioprotocol/fio.erc20

There are two main use cases that concern the Oracle, Wrap and Unwrap. These are detailed below.

Functionality
Alice (dApp) executes `wraptokens` on FIO chain	Casey Gardiner Need brief overview of what is happening: which contract is used
Oracle monitors `wraptokens` for transfers	Todd G What was the Go code doing to monitor the chain?
Oracle validates `wraptokens` transaction	Todd G Need bullet list of validations
If exceptions are found, Oracle takes action to unwind transaction	See Exception handling below Todd G Need to flesh this out
Oracle executes `wrap` on Ethereum	Adam Androulidakis Need brief overview of what is happening: which calls are used. What needs to be passed.
Oracle validates `wrap` transaction	Todd G What type of validation is done on the Ethereum chain during a wrap?
Once all Oracles have submitted `wrap`, the wFIO Tokens will be minted and transferred to designated Ethereum public address	Todd G Does the oracle do any kind of monitoring or validation of the overall transaction (post consensus?)

Error condition	Trigger	Oracle Action
Invalid chain	Chain passed to `wraptokens` action is not Ethereum (Note: this restriction is not enforced in the FIO Contract to allow for wrapping chain expansion without deployment of code)	Oracle triggers `unwraptokens` action to send FIO back to originating address
Invalid Ethereum address	Public address passed to `wraptokens` action is not a valid Ethereum address (Note: this restriction is not enforced in the FIO Contract to allow for wrapping chain expansion without deployment of code)	Oracle triggers `unwraptokens` action to send FIO back to originating address

Functionality
Alice (dApp) executes `unwrap` on Ethereum chain	Adam Androulidakis Need brief overview of what is happening: which contract is used, when does the burn happen?
Oracle monitors `unwrap` for transfers	Todd G What was the Go code doing to monitor the chain? Does it confirm burn?
Oracle validates `unwrap` transaction	Todd G Need bullet list of validations
If exceptions are found, Oracle takes action to unwind transaction	See Exception handling below Todd G Need to flesh this out
Oracle executes `unwrap` on FIO chain	Casey Gardiner Need brief overview of what is happening: which calls are used. What needs to be passed. How does the FIO get transferred.
Oracle validates `unwrap` transaction	Todd G What type of validation is done on the Ethereum chain during a wrap?
Once all Oracles have submitted `unwrap` , the FIO Tokens will be transferred to designated Ethereum public address	Todd G Does the oracle do any kind of monitoring or validation of the overall transaction (post consensus?)

Error condition	Trigger	Oracle Action
Invalid FIO Address	FIO Address passed in with ERC-20 is not valid or does not exist	Oracle triggers a ERC20 `wrap` action to send wFIO back to originating addres