# Pegged-rate settlement with validators as oracles

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2022-07-20
- **Theme:** Crypto & DePIN — https://www.gregosuri.com/predictions/crypto-depin/
- **Source:** Ask Akash: July updates on Stable Settlements? (Akash Network)
- **Watch at:** 00:01:24 — https://www.youtube.com/watch?v=3sE2AHvq95Y&t=84s
- **Canonical:** https://www.gregosuri.com/predictions/crypto-depin/2022-07-20-pegged-rate-settlement-with-validators-as-oracles-kpbc/
- **Cite as:** Greg Osuri, "Pegged-rate settlement with validators as oracles," Ask Akash: July updates on Stable Settlements? (Akash Network), 20 Jul 2022, 00:01:24. https://www.youtube.com/watch?v=3sE2AHvq95Y&t=84s

## Quote — verbatim

> The settlement could be just pegged to a currency of choice... the tenant could basically say I'm going to pay ten US dollars per month for this deployment and I'm going to use AKT to transact... and the rate is determined using a weighted average from validators — using validators as oracles.

## Context — site annotation, not spoken

Design he says he described in the original Akash white paper years earlier; tenants and providers transact in dollar terms while AKT moves dynamically.