Technical principles | How do smart contracts get off-chain prices?
Price feed updates are usually triggered when the price moves by a set threshold or when a certain heartbeat interval has elapsed.
Using the spot price from a single DEX pool as a price feed is very risky: when the pool is small, one large trade can skew the price.
$LINK is the token of the oracle network Chainlink. Current price: 12.901.
Every return comes with a corresponding risk. Make sure you understand the worst-case scenario first.
Price feed updates are usually triggered when the price moves by a set threshold or when a certain heartbeat interval has elapsed.
Using the spot price from a single DEX pool as a price feed is very risky: when the pool is small, one large trade can skew the price.
$LINK is the token of the oracle network Chainlink. Current price: 12.901.
Every return comes with a corresponding risk. Make sure you understand the worst-case scenario first.