πPrice Feeds
LODE relies on solvers who vie to present the most advantageous and precise quotes. Unlike platforms that rely on single data sources, LODE empowers solvers to pull quotes from a variety of sources, typically stemming from where they hedge. This approach ensures a comprehensive reflection of market trends, offering traders optimal order execution.
Are Oracles Used?
Oracles are only used for liquidations and rare dispute resolution, offering authoritative judgments on pricing discrepancies.
Advantages of LODE's Approach
Trustworthy Data: The solver competition model ensures LODE traders access dependable pricing data, instilling confidence in the platform's market representation.
Enhanced Security: Oracles serve as unbiased intermediaries in disputes and liquidations, safeguarding against manipulation and ensuring equitable trade resolutions.
Market Efficiency: LODE's pricing mechanism, determined by solvers, promises swift and precise trade executions, minimizing latency and reflecting true market prices.
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