AVNU has integrated Oracle Pools of Ekubo Protocol, unveiling an improvement in price precision for Starknet-based developers. This integration permits the developers to utilize the innovative Oracle Pools of Ekubo to offer a dependable price oracle on-chain by locking up minor liquidity within the Oracle Pool of the $EKUBO token. The platform took to its official social media account to provide the details of the integration.
GM ✨@EkuboProtocol Oracle Pools are now fully integrated into AVNU
Those pools enables developers to create a fully on-chain manipulation resistant price oracle on Starknet by locking up a small amount of liquidity in the EKUBO/token Oracle pool.
The oracle enables… pic.twitter.com/JDVEMYPZRK
— AVNU (@avnu_fi) October 28, 2024
AVNU’s Integration of Ekubo Protocol’s Oracle Pools Aims to Enhance Accuracy of On-Chain Price Data
In its latest X post, AVNU mentioned that the integration of Ekubo Protocol-based Oracle Pools allows developers to compute volatility and query price data on-chain. This reportedly advances the transparency and quality of DeFi applications. Oracles play an important role in the overall DeFi sector, letting smart contracts engage with real-world statistics. Nonetheless, oracles are most of the time vulnerable and can be manipulated. This particularly occurs when the price data’s low liquidity impacts its reliability.
The Oracle Pools of Ekubo address this issue by providing developers with a mechanism to create tampering-resistant price oracles. The protocol locks liquidity into the respective pools to help guarantee precise price feeds protected from manipulation. Additionally, it bolsters the financial apps’ integrity on-chain.
The Platform Targets Meeting the Increasing Requirement for Accuracy and Security
According to AVNU, this integration denotes a noteworthy improvement for the overall Starknet ecosystem. With this, the developers can depend on resilient on-chain oracles, supporting an exclusive stride of dApps. With the inclusion of the Oracle Pools present in Ekubo, AVNU intends to meet the increasing demand for accuracy and security in data in the DeFi sphere.