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OIL Price:
All Time High:
Market Cap:

Circulating Supply:
Total Supply:
Max Supply:


The last known price of #OIL is $0.033 USD.

Please note that the price of #OIL was last updated over 250 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #OIL statistics should be considered as 'last known value'.

The lowest OIL price for this period was $0, the highest was $0.033, and the exact last price of OIL was $0.03253.

The all-time high OIL coin price was $4.29.

Use our custom price calculator to see the hypothetical price of OIL with market cap of ETH or other crypto coins.


The code for Oiler crypto currency is #OIL.

Oiler is 1.9 years old.


The current market capitalization for Oiler is not available at this time.

Oiler is ranking downwards to #10119 out of all coins, by market cap (and other factors).


The trading volume is unknown today for #OIL.


The total supply of OIL is 100,000,000 coins.


OIL exchange data is not currently available.


Note that there are multiple coins that share the code #OIL, and you can view them on our OIL disambiguation page.



Pitch Lake and L2 Tokens

With the announcement/airdrop of the Optimism chain native token — $OP, we want to explain why L2s such as Optimism are perfectly suited to benefit from Oiler’s upcoming Pitch Lake product. While Optimism has not explicitly stated that their protocol transaction fees will be charged in $OP tokens, we predict that this may happen in the future. In fact, there have been several proposals posted on the Optimism governance forum to do this [link 1][link 2][link 3]. We can see other L2s such as Polygon charge tx fees using their chain’s native tokens, such as $MATIC. This is important because every single Optimism transaction is submitted to L1, however it is not executed on the L1 EVM. This means that in order for the chain to operate, the Optimism chain operator must pay for each of these transactions to be posted to L1. This is an important observation because Optimism will incur expenditures for all transactions they must post to L1, in Ethereum’s native token — $ETH, while charging transaction fees on their chain in their native token — $OP. As we can see, Optimism will likely incur what in traditional finance is called foreign exchange risk. Foreign exchange risk is a term which refers to the losses trade participants may incur due to the volatility of the native currencies of those involved in trade. Consider a Canadian automotive part supplier who supplies car parts to an American car manufactur...

Introducing Fossil

We are excited to announce Fossil (previously known as the Starknet L2 Storage Verifier) as the latest additions to Oiler Network’s suite of products! — What is Fossil? - Fossil is a set of smart contracts on both Starknet and Ethereum L1 that allow Starknet smart contracts to read anything ever committed to Ethereum L1 and any of it’s EVM based L2s. Yes you read that right! Fossil is able to read data from Optimism, Polygon and other L2s on Starknet. The key advantage of using Fossil over other solutions like oracles is that its security is equal to the security of the L2 (Starknet) itself. This is a game-changer! Another advantage of Fossil is that it minimises the amount of required L1 messages, making it possible to read larger amounts of data for much cheaper. — What data can be read using Fossil? - Using Fossil, you can read Ethereum historical data such as: — State. — State this broad term includes: Smart contracts storage, like ERC20 balances, Accounts nonces, Accounts ETH balances, Smart contracts code hashes, — Logs. — The ability to access logs allows contracts on Starknet to check whether a transaction on Ethereum emitted an event, for example an ERC20 transfer. — Receipts. — Since Fossil is able to retrieve logs which are part of transaction receipts, we are also able to access other information found in these receipts (how much gas a specific tx used, it...

Nafta Wrappers — Uniswap V3 LP NFT Example

Nafta Wrappers — Uniswap V3 LP NFT Example - Nafta is a general-purpose NFT Lending platform where you can lend and borrow NFTs. Some NFTs require special treatment to work properly and safely — let’s explore what a NaftaWrapper is and why we need it.NFT Flash Loan behaves the same way as any ERC20 Flash Loan would: funds that are borrowed have to be repaid in the same transaction, with the only difference that instead of funds, we borrow NFTs. Read Nafta's article for more details. In this article we are going to explore an example of NaftaWrapper based on Uniswap V3 Liquidity Providers NFTs. — What is Uniswap LP NFT and why rent it? - Uniswap V3 liquidity provider positions are represented as ERC-721 tokens ( NFTs ), which contain unique boundary data, pair, and fee tiers based on the pool and selected parameters. Compared to Uniswap V2 LP tokens, Uniswap V3 stores the amount of fees accrued in an NFT — so every liquidity provider is able to know how much fees they have earned and can extract these fees when needed. If you have a position and have a projection of future returns — you can exchange this future money for today’s money by renting it — you get the rent payment right now, and the borrower will get the possibility to extract all fees for the whole rental period, basically performing the swap from floating stream of payments to a fixed upfront rental pay...

Introducing Nafta

Lending and renting mechanisms of society have been pretty straightforward since B.C. (before crypto). If you wanted to rent an expensive asset or get a loan from a bank or a lender, you’d have to put some collateral down for it first, along with the necessary documentation. This process would get increasingly complex depending on how hefty or valuable the loan amount is. For example, if one wanted a Rolls Royce for a month, it’s nearly impossible anyone would lend it without a heavy security deposit. In the context of crypto, if I wanted a Bored Ape Yacht Club (BAYC) NFT, I couldn’t afford it. But what if I could rent it for a month? Without having to pay an arm and a leg and, best of all, without putting any collateral you get access to exclusive membership club (and flexing rights). — Enter Nafta - Oiler team is thrilled to present to present platform that facilitates NFT Flash Loans & Long Term Renting without any collateral, available on Mainnet, Rinkeby and Görli. But why would you need to rent an NFT? Well, apart from the BAYC example, there are many reasons why you might want to consider renting instead of outright buying it. Games: With in-game characters becoming increasingly popular, players with seniority and achievements have traits and keys that are simply out of reach of beginners. Even tools, weapons, serums, and avatars — what if you want to try them out before buying t...

Oiler — One Year Later

Oiler — One Year Later - It has been almost a year since we first shared our Oiler Vision and began building the Oiler Trading Platform. The past year has been full of progress, a little bit of uncertainty, and of course excitement for what is to come. As pioneers in this niche market, we were bound to face some obstacles along the way. The technical and economic design of the highly anticipated Oiler Forwards product family has been a real struggle. The price of 1 ETH was approximately $735 at the time we published our first Medium article. While the gas prices at that time seemed high, they were nothing compared to the exorbitant prices we have today (in USD terms). We have good news though! With the recent launch of the StarkNet-Ethereum Storage Verifier, and Nafta, we feel that we are back on track! This article aims to give a high level overview as to the current status of Oiler products, and their related research. — What have we achieved - Our team has built and delivered hashrate (difficulty), base fee (gas price), and block gas limit binary options. These products have moved from the Alpha phase to Beta phase, and have given us a solid foundation for product design, and implementation. We did not stop there. Over the past few months, we have been working on building a new type of products — Blockchain Parameter Forward Contracts. These derivative products will allow various market participants to s...

Oiler Nafta → Flash-Owned!

Escapades - While working on the Infrastructure (gas, hashrate) Forwards AMM, the Oiler team had to touch a few side-projects. First of all, 0xMarcello focused on L1 storage verification with the help of Cairo which will probably result in in a beginning of closer collaboration on the storage verifier code ( which we will need to track the long term volatility of parameters and settlements of forwards products. The code is still in its early stages but we are happy to work closer with the StarkWare team and the community on its — Hacking - Separately, the Oiler dev team went to ETHLisbon and built the zk-Proof of Membership project together with the Nethermind devs and ended up as one of the winning teams. The team members included @AdamMocarski → our lead front-end dev and design coordinator, @0xMarcello → Oiler’s L2 researcher and Solidity dev, @vicnaum1 → our co-CTO, @guiiheise from the Nethermind/Flashbots team and @LiquidityChaser who has recently been working on Oiler Governance (still under construction). You can see them here, on the ETHLisbon winners stage, proudly presenting their Oiler swag. And here still deep at work… — Nafta - Now, the story of the new supporting product that we are deploying soon (contracts ready, design seems fine and we are just wiring front and V1 of the contracts). In the last days of October we were discussing the idea of fla...

Oiler community update #3 — Oct 2021

Oiler community update #3 — Oct 2021 - Greetings Oilers! In todays series, we would like to share the latest updates from the team, give you an overview of what they have been working on, as well as bring to light on what is coming, and the areas they will be focusing on in the future. On the research side, there were major improvements happening such as, exploring and addressing potential problems on protocol and market design by prototyping and developing simulations. An extensive research was done on how to mitigate market manipulations. The team has integrated one of the common practices to their work environment. Focused on architecture to connect contracts with backend and frontend, they have separated and universalised the contract connectors, so the backend and frontend team won’t have to depend on contract implementation as much as they used to previously. Some challenges that were faced along the way were the process of making Ethereum calls to blockchain more responsive, where the multi call function was explored to integrate into the current architecture. One of the most present issues was addressed and resolved by the Oiler development team (the infamous “BigNumber” issues and decimal conversion). A new library was created that incapsulates big number and natively supports decimals and all kinds of conversions. This library mitigates the risk of mistakes because of the decimals conversions and make i...

Oiler community update #2

Welcome back Oilers! The team mostly focused on frontend and backend optimization — adding new functionality to the UI and optimizing the backend stability and performance. Server-based backend parts were refactored to use Cloud-Functions for greater stability and performance. Our research and solidity team focused on finding new ways of protocols interactions and mitigating front-running and market manipulations. Here’s an update on some of the other areas we achieved but not limited to over the past couple of weeks: Refactored the undefined option object handling. Fixed bugs on the Options side where it had many Options at the start of the application when a user go to the Options page, whether it was the Hashrate or BaseFee, the application was clocking and showing undefined values. We solved this by adding multi-calls and by limiting how much of the Options are fetched at any single point of time. We now need to make sure the paginations are ready by wiring it to the current functionality, Changed the way the application fetches NFTs from the database. The application is now fetching only NFTs that the user owns — the MetaMask account that is connected to the application will only be shown, Completed the pagination for the NFTs by connecting the component with the logic, Moved the Trading API to Google’s Cloud-Function. The trading API was running on Digital Ocean and we decided to use the Cloud-Functio...

Oiler community update #1

In this new fortnightly series update, we will be sharing a high-level overview on what’s keeping the team at Oiler busy behind the scenes. Over the past couple of months, we have been undergoing deep research and analysis on the Hashrate Forwards protocol parameters of our product. We hope to launch our Forwards AMM product as soon as possible, the target is currently around mid-September. To make it easier for our community, you can now follow our development progress on the Ropsten network, and on our official Discord and Telegram group (each main branch our development team commit will be automatically announced on our channels). While the Hashrate Forwards research is taking shape, the Oiler development team has been busy developing and fine tuning a beautiful looking trading app. — Here’s an overview of what we have been working on over the past couple of months: - We are working on calculating the proper collateralization levels for the pools. We have positions for calling long or calling short. When you go for a position it needs to be collateralized properly to lower the risk for the pool. We are working on finalizing the formula for this so it can later be hard-coded in Solidity, Calculated the strike price based on the current lambda and current difficulty. This is currently being coded and tested, Making UI improvements to chart loaders while switching screens, Added more filters to make the app mor...

Oiler Staking Expedition is about to finish. What’s next?

Tomorrow afternoon, on Saturday, August 21st, 2021 the Oiler Staking Expedition will end. After block 13068603, two things will happen: You will no longer be able to DRILL, so there will be no new stakes and no new rewards., You will be able to start withdrawing your OIL HARVEST., If you still have an unfinished drill, you’ll be able to CEMENT it at any time, either before or after the program ends, there’s no fixed deadline for that, so no need to rush. Also, you need to CEMENT your latest drill to be able to start the HARVEST. — What is Harvest? - When you press HARVEST, your Extraction Power will be converted to OIL (the amount will depend on your Harvest Share). Your OIL Harvest reward will be vested linearly for the next 660000 blocks (~100 days) after the block 13068603, this means that every block you will be able to withdraw a bit more of your OIL Harvest. — How can I withdraw my OIL rewards? - You can withdraw your vested rewards at any time, and do the withdrawals as many times as you want; every day, every hour or even at every block. But of course you need to pay gas for each transaction, hence, it’s better to not do that too often. You can also withdraw everything at once anytime after 100 days, we have not introduce any deadlines or time limitations for withdrawals. — LPs are still yours - You still own and hold your Uniswap OIL-USDC LP tokens. You can continue holding them to ea...

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