Chanlink has manufactured a new pricing method to offer regular pricing for cryptocurrency and tokens of property trading on decentralized exchanges mainly.
Summary
- Chanlink has changed state pricing, mainly a new asset pricing for assets trading on decentralized exchanges.
- Initiative support for assets such as wrapped atherium and coinbase wrapped bitcoins of lids.
Announcement Chanlink (Link) shared on 1 August that the Chanlink State Pricing Targets Assets Assessments that show limited trading volumes on centralized exchanges, but strengthens online strengthening.
The new solutions, the data feed of the platform and the data through data stream features, allows the price accuracy of a property, the assessment of market flexibility and liquidity. It is ready to benefit more options and flexibility in pricing.
What is the price of the state?
The state value of an asset refers to the value set by the liquidity reserves in the liquidity pool. This value is “always exist,” enables the continuous pricing of assets that do less frequent trading and offer resistance to flash loans attacks.
“The price of the state is Simula for the mid-price of an order book (as long as the order book is present) and the selected, the high-vigilance is calculated on the token reserves within the dex pool,” the Chanlink wrote.
Supported assets
Initially, the Chanlink will support assets such as Westh, Aave StableCoin GHO, and coinbase wrapped bitcoin (CBBTC). The assets of additional crypto and token are expected to expand the solution in the coming months to cover the blockchain and dex protocols.
Decentralized Finance Protocols in which the chainlink state pricing has been integrated, includes AAV, curve, lido and GMX.
“With state pricing, Chanlink again shows its commitment to control the pricing algorithm of the property, as well as the infrastructure as well as the AAVE to distribute the onchain along with the infrastructure, capable of supporting a wide range of DX-traded assets, which is known for protecting and rejuvenating.”
The new feature adds the current pricing of the channel to the functioning such as volume-loving uprg pricing and liquidity-wated bid/ask pricing. Developers can use chainlink state pricing via data feeds as a pull-based oralle solution, or through data stream through data stream.
