Oracles

Oracles play a crucial role in decentralized exchanges (DEXs) by bridging the gap between on-chain and off-chain data. They provide reliable, real-time data that is essential for the accurate pricing of assets, execution of smart contracts, and overall market integrity.

Dexodus leverages the advanced capabilities of Chainlink data streams to provide lightning-fast and highly reliable market data. Chainlink is a decentralized oracle network that enables smart contracts on Dexodus to securely interact with real-world data and services outside the blockchain.

Chainlink Data Streams

Chainlink data streams fetch real-time market data from multiple high-quality data providers, ensuring that the information is accurate and up-to-date. This data is crucial for:

• Perpetual Trading: Ensuring that the funding rates and index prices are accurate and reflective of the current market conditions.

• Spot Trading: Providing traders with precise asset prices, reducing the risk of slippage, and improving trade execution.

Spot Index Price from Uniswap V4 AMM Pools

In addition to Chainlink data streams, Dexodus utilizes its own Uniswap V4 AMM pools to derive the spot index prices. By analyzing the liquidity and trade data within these pools, Dexodus can compute accurate and real-time spot prices for various assets traded on the platform.