Chainlink has announced a new price methodology that is specially built to offer reliable prices for cryptocurrency and tokenized assets that is mainly traded on decentralized exchanges.
Summary
- Chainlink has introduced the prices of state states, a new solution for assets price that is mainly traded on decentralized exchanges.
- The first support includes for assets such as Lido’s packed Ethereum and Coinbase Wrapped Bitcoin.
An announcement chain link (link) shared on 1 August states that Chainlink State Price Defense Assets focuses on assets that show limited trade volumes on centralized exchanges, but have a robust liquidity.
The new solution, accessible on the Chainlink -Minet via the data feeds of the platform and functions for data flows, makes the price accuracy, market branch and liquidity of an active possible. This will benefit developers who look for more choice and flexibility when prices praise onchain assets.
What is the State Prize?
The state prize from an actively refers to the price that is determined by the liquidity reserves in the DX -Liquidity pools of Onchain. This price “always exists”, which means that the continuous prices of assets are traded less often and resisted flash loan attacks.
“The State Prize is comparable to the middle price of an order book (as long as the order book exists) and is calculated on the basis of the token reserves within selected, high-liquidity DEX-Pools,” Chainlink wrote.
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Supported assets
Initially, Chainlink will support assets such as Wrapped Steth (Wsteth), Aave Stablecoin Gho and Coinbase Wrapped Bitcoin (CBBTC). The solution is expected to expand in the coming months to cover extra crypto and tokenized assets, block chains and Dex protocols.
Decentralized financial protocols with integrated prices for chain link statements include Aave, Curve, Lido and GMX.
“With the prices of the state, Chainlink is again showing its dedication to continuously improve the price-determination algorithms of assets, together with the infrastructure to supply them-what Aave makes it possible to support a wider series of Native Dex-Braand assets with the high standard of safety and reliability of Bado, and Nesto-Found stands and Nesto-Found stands, and Nesto-Found is known, and Nesto-Found, and Nesto-Found is known, and Nesto-Found known, and Nesto-Found known, and Nesto-Found, and Nesto-Found known, and Nesto-Foun, and Nesto, and Nesto-Found known, and Nesto, and Nesto-Found known, and Nesto, and Nesto-Foun, and Nesto, and Nesto-Foun, and Nesto-Foundoo, and Nesto-Foundoo and Nesto-Foundoo, and Nesto-Foundoo and Nesto-Foundoo-Foundoo-Foundoo. A core of BGD laboratories, a core contribution to a core contribution to Aave.
The new function contributes to the current price methods of Chainlink, such as volume-weighted average prices and liquidity-weighted bid/ASK prices. Developers have access to Chainlink status prices via data feeds as a push-based Oracle solution, or via data flows as a pull-based Oracle solution.
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