Chainlink Launches State Pricing to Enhance Accuracy for Long-Tail Crypto Assets on DEXs
Main Idea
Chainlink has launched State Pricing, a new oracle pricing method to enhance price accuracy for long-tail crypto assets on decentralized exchanges (DEXs), now live on mainnet with initial support for select assets.
Key Points
1. Chainlink State Pricing improves price accuracy by leveraging on-chain liquidity and centralized exchange (CEX) volumes, reducing slippage and enhancing market efficiency on DEXs.
2. The system operates via two oracle data delivery models: Chainlink Data Feeds (continuous push-based updates) and Chainlink Data Streams (on-demand pull-based access).
3. Initial supported assets include wstETH, GHO, LBTC, cbBTC, ezETH, and tBTC, with plans for further expansion.
4. The innovation addresses pricing challenges for illiquid or long-tail crypto assets, supporting broader DeFi adoption.
5. Developers can access Chainlink State Pricing data on demand, offering flexibility for decentralized finance strategies.
Description
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