Oracle
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The platform uses a MakerDAO-inspired whitelisted oracle. The oracle currently has five independent operators and may be easily extended into a decentralized, self-sustainable network. For a price to be reported on-chain, the majority of oracles must propose the current price within a tight range.
Relevance of the price is less than 1 minute.
In the future, the DAO will consider adding other robust oracle solutions supported on NEAR, such as Flux.
The oracle code can be found here:
(system service)
The is a first-party financial data oracle network that delivers low-latency price data for various assets to blockchains securely.
The Pyth protocol aggregates the data providers' inputs to produce a single aggregate price and confidence interval every 400ms for each price feed. This aggregation mechanism lives on an application-specific blockchain called Pythnet.
Pyth Network introduces a unique architecture called the Pull Oracle. With the Pull Oracle design, data users can “pull” or request a price update from the Pyth protocol when needed.
Learn more, refer to the .