AVNU has integrated Oracle Pools of Ekubo Protocol, revealing an improvement in pricing precision for Starknet-based developers. This integration allows the developers to use Ekubo’s innovative Oracle Pools to provide a reliable on-chain price oracle by holding small 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
These pools allow developers to create a fully tamper-proof on-chain price oracle on Starknet by locking up a small amount of liquidity in the EKUBO/token Oracle pool.
The oracle makes… pic.twitter.com/JDVEMYPZRK possible
— AVNU (@avnu_fi) October 28, 2024
AVNU’s integration of Ekubo Protocol’s Oracle Pools aims to improve the accuracy of on-chain pricing data
In its latest X-post, AVNU mentioned that the integration of Ekubo Protocol-based Oracle Pools will allow developers to calculate volatility and query on-chain price data. This reportedly promotes the transparency and quality of DeFi applications. Oracles play an important role in the overall DeFi sector, allowing smart contracts to interact with real-world metrics. Nevertheless, oracles are usually fragile and can be manipulated. This happens especially when the low liquidity of the price data affects its reliability.
Ekubo’s Oracle Pools address this problem by providing developers with a mechanism to create tamper-resistant price oracles. The protocol locks liquidity in the respective pools to ensure accurate price feeds that are protected from manipulation. Moreover, it strengthens the integrity of the financial apps in the chain.
The platform focuses on meeting the increasing need for accuracy and security
According to AVNU, this integration signals a notable improvement for the overall Starknet ecosystem. This allows the developers to rely on resilient oracles in the chain, which support an exclusive set of dApps. With the inclusion of the Oracle Pools present in Ekubo, AVNU aims to meet the increasing demand for accuracy and security in data in the DeFi sphere.