Oracle

Ensuring Accuracy and Security in Price Data

To ensure the utmost accuracy and security in price data, which is crucial for executing orders and managing liquidations, our platform adopts a sophisticated oracle system. This system is fundamentally designed to source price information from a diverse set of highly liquid and reliable trading venues. Such a methodology significantly reduces the dependency on any single data source, thereby minimizing the risks associated with price spikes or data inaccuracies.

Employing the Pyth Network for On-Demand Price Ordering

Our protocol employs the Pyth network for on-demand price ordering. Pyth is renowned for its advanced approach to aggregating price data, ensuring that the prices used for order executions are reflective of real market conditions. This approach is crucial for maintaining the integrity of trades and the fairness of liquidations, directly impacting the financial outcomes for both traders and liquidity providers.

Enhancing Security with Chainlink

In instances where a Chainlink feed is available for a specific market, our system enhances security by bounding the prices sourced from Pyth with those from Chainlink. This dual-layer validation process ensures an additional level of accuracy and security, safeguarding against extreme market volatility or manipulation. Chainlink's reputation for providing secure and reliable price feeds complements our commitment to maintaining a secure trading environment, thereby reinforcing the trust our users place in our platform.