✅ Building verifiability into on-chain market infrastructure

Back in September, @KaikoData introduced the CIP-0079. This proposal aimed at enhancing the on-chain price setting mechanism for the @CantonNetwork Coin (CC), ahead of the token’s listing on exchanges, with transparency, automation, and verifiability at the core.

The CIP-0079 rules CC price formation and automation on the network. Each Super Validator votes its price contribution, submitting to Kaiko its own price observation for the Canton Coin (CC). These price votes are aggregated, validated, and published according to transparent, on-chain rules, producing a collectively verifiable reference price for the network.

⚙️ Bringing $CC network price verifiability to life

Today, Kaiko's CIP-0079 is live in production, powering the network’s reference pricing infrastructure. The resulting data service is operational and publicly accessible at: 🔗

Through this interface, users can explore real-time price contributions and votes from each Super Validator (SV), creating a transparent view of how the CC price takes shape.

Each SV’s submission passes through the AmuletConversionRateFeed contract — the logic that synchronizes validator inputs and aggregates them into the final network price, the amulet price. What makes this system remarkable is that anyone can verify the process end-to-end: the data flow, the contract behavior, and the resulting market consensus. In practice, this means the network’s pricing is not just published, but proven.

In short, Kaiko's implementation of the CIP-0079 embeds verifiability at every level:

➡️ CIP Audit Trail: The authorship and edits are logged publicly on GitHub, providing a full, reviewable record.

➡️ Public Accessibility: Users can observe and compare Super Validator submissions, creating a transparent, live picture of market consensus.

Read more about Kaiko’s CIP-0079 here: 🔗