Compound Launches Permissionless Price Oracle

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3 years ago

In its efforts to migrate to the Open Price Feed, Compound has released its own price oracle.

Compound is running an aggregator whereby users can fetch data on reported prices. These prices are derived from each reporter via public APIs and it's continually updated.

Compound has also created a price page that allows users to check the current state of the system. According to the post, the information is also available on-chain. 

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Thankyou for sharing 🤗

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3 years ago