Here is the English translation: Recently, I saw that Switchboard is collaborating with Monad to provide high-performance and fast Oracle technology services for Monad. This reminds me of when I was exploring the ecosystem last year, and I really wanted to complete a task for @switchboardxyz. 🧵 Today, let's talk about what Switchboard is and how to currently obtain the $SWTCH reward. x.com/i/web/status/18997002615... twitter.com/switchboardxyz/sta...

1. Brief Analysis of Switchboard Project Oracles is a large market with a market value of about $14 billion, and there are leading projects such as Chainlink, Pyth Network and Band Protocol in the track. Unlike Chainlink's hybrid mode causing slightly higher latency, Pyth's over-reliance on data providers to push, and Band's aggregation and push but weak support for paid APIs. Switchboard's technological innovations (such as TEE... x.com/i/web/status/18997002648...

1-1 Switchboard Core Advantages 🔹Oracle Nodes: Run by community members, responsible for obtaining data from external data sources (API, WebSocket, etc.) and submitting it to the chain. It collects and verifies data through distributed nodes to ensure decentralization and censorship resistance. Nodes need to stake $SWTCH tokens to participate in the network, incentivizing them to provide accurate data. … x.com/i/web/status/18997002671...

2. How to get $SWTCH tokens This morning, we introduced that to become a Switchboard node, you need to stake assets, and you can get $SWTCH rewards by staking; Recently, Switchboard has pioneered the re-staking of Solana and launched the Node Consensus Network (NCN) on Jito Network. The function of NCN is similar to the Active Verification Service (AVS) on Ethereum (ETH), which means that Switchboard can access Jito… x.com/i/web/status/18997002699...

2-2 How to get JitoSOL by staking SOL through Jito? 🔹Preparation: Hold a certain amount of SOL; 🔹Enter Jito official website: http:/jito.network/staking 🔹Enter the pledge amount and confirm the transaction; 🔹After completing the pledge, you will receive an equal amount of JitoSOL. The value of JitoSOL will increase over time through staking rewards and MEV (for example, 1 JitoSOL may gradually appreciate to 1.05 SOL). … x.com/i/web/status/18997002725...

3. Why did Switchboard choose to re-stake on Jito NCN? 🔹NCN functions similarly to the Active Verification Service (AVS) on Ethereum (ETH), which means that Switchboard has access to a network of node operators on Jito. These node operators help pass on-chain data and protect the network through the staking mechanism. 🔹SwitchboardWith Jito NCN, stakers can take advantage of JitoSOL… x.com/i/web/status/18997002749...

4. Compared with other leading projects 🔹Chainlink is currently the most comprehensive oracle solution, suitable for projects that require multiple functions and cross-chain support, but may be surpassed by Switchboard or Pyth in high-frequency, low-cost scenarios. 🔹Switchboard performs well in the Solana ecosystem and has strong customization capabilities. In the future, it may challenge Chainlink through multi-chain expansion. Pyth… x.com/i/web/status/18997002775...