AVNU has built-in Oracle Swimming pools of Ekubo Protocol, revealing an enchancment in pricing precision for Starknet-based builders. This integration permits the builders to make use of Ekubo’s progressive Oracle Swimming pools to supply a dependable on-chain worth oracle by holding small liquidity throughout the Oracle Pool of the $EKUBO token. The platform took to its official social media account to supply the small print of the mixing.
GM ✨@EkuboProtocol Oracle Swimming pools at the moment are totally built-in into AVNU
These swimming pools enable builders to create a completely tamper-proof on-chain worth oracle on Starknet by locking up a small quantity of liquidity within the EKUBO/token Oracle pool.
The oracle makes… pic.twitter.com/JDVEMYPZRK potential
— AVNU (@avnu_fi) October 28, 2024
AVNU’s integration of Ekubo Protocol’s Oracle Swimming pools goals to enhance on-chain pricing knowledge accuracy
In its newest X-post, AVNU talked about that the mixing of Ekubo Protocol-based Oracle Swimming pools will enable builders to calculate volatility and question on-chain worth knowledge. This reportedly promotes the transparency and high quality of DeFi purposes. Oracles play an essential position within the total DeFi sector, permitting sensible contracts to work together with real-world metrics. However, oracles are normally fragile and will be manipulated. This occurs particularly when the low liquidity of the worth knowledge impacts its reliability.
Ekubo’s Oracle Swimming pools deal with this downside by offering builders with a mechanism to create tamper-resistant worth oracles. The protocol locks liquidity within the respective swimming pools to make sure correct worth feeds which can be shielded from manipulation. Furthermore, it strengthens the integrity of the monetary apps within the chain.
The platform focuses on assembly the rising want for accuracy and safety
In keeping with AVNU, this integration alerts a notable enchancment for the general Starknet ecosystem. This permits the builders to depend on resilient oracles within the chain, which help an unique set of dApps. With the inclusion of the Oracle Swimming pools current in Ekubo, AVNU goals to satisfy the rising demand for accuracy and safety in knowledge within the DeFi sphere.