Oracles

Asset Pricing & Oracles

In our protocol, oracles play a crucial role in providing accurate and secure pricing for various tokens. We have integrated multiple oracles, including Chainlink, UniswapV3, DIA, API3 and so on to ensure that asset prices are consistently reliable and up-to-date.

How Our Oracle System Works:

• Multiple Oracle Sources: We use a variety of oracles to fetch token prices. This diversification minimizes the risk of relying on a single price feed and helps ensure accuracy and reliability. By gathering price data from different sources, we can provide a more comprehensive and balanced view of the market.

• Dual Oracle Check for Security: For certain assets, we use a dual oracle system where prices are fetched from at least two different sources. If there's a significant difference between the prices provided by these oracles, it serves as an indication of potential market manipulation or extreme volatility. In such cases, the system may intervene to pause borrowing on that asset to protect the protocol and its users.

In summary, our oracle system is designed to provide secure, accurate, and reliable pricing for all tokens within the protocol. By using multiple oracles and implementing checks to detect anomalies, we aim to maintain the integrity of our lending and borrowing platform, protecting users from potential risks associated with price inaccuracies.