A Quick Overview of the Technology: Oracles
· Price updates are generally triggered when price changes reach a set threshold or when a fixed heartbeat interval elapses.
· Lending and derivatives platforms use oracle-reported prices to calculate collateral values and execute liquidations.
$LINK is the token of the Chainlink oracle network.
#LINK
· Price updates are generally triggered when price changes reach a set threshold or when a fixed heartbeat interval elapses.
· Lending and derivatives platforms use oracle-reported prices to calculate collateral values and execute liquidations.
$LINK is the token of the Chainlink oracle network.
#LINK