Are prices in the contract updated automatically every so often, or fetched only when needed?
First, what it is: push-based price feeds generally update when the price moves beyond a set threshold or when a fixed heartbeat interval is reached.
How it works: The advantage of push-based feeds is that the contract can use the data immediately. The trade-off is that the oracle network must continuously pay Gas to push updates, so the update frequency cannot be increased indefinitely.
$PYTH and $LINK are the tokens of the oracle networks Pyth and Chainlink, respectively. Current price: 0.06652.
Verify information with multiple sources before acting. Don’t rely on just one person’s claims.
#PYTH
First, what it is: push-based price feeds generally update when the price moves beyond a set threshold or when a fixed heartbeat interval is reached.
How it works: The advantage of push-based feeds is that the contract can use the data immediately. The trade-off is that the oracle network must continuously pay Gas to push updates, so the update frequency cannot be increased indefinitely.
$PYTH and $LINK are the tokens of the oracle networks Pyth and Chainlink, respectively. Current price: 0.06652.
Verify information with multiple sources before acting. Don’t rely on just one person’s claims.
#PYTH
