Price Oracle
Last updated
Last updated
The Price Oracle within Mage Protocol holds a critical role in obtaining prices of collateral assets and shaping borrowing and liquidation decisions.
As an indispensable component of protocol operations, Mage Protocol initially integrates as its selected price oracle - a widely trusted solution across diverse ecosystems.
Mage Protocol utilizes Pyth's oracle price feeds to access token market prices, enhancing the accuracy and reliability of token price movements while facilitating robust risk management.
Pyth incentivizes trading firms, exchanges, and other market participants to contribute real-world financial data directly onto the blockchain, encompassing insights from various markets.
By aggregating this data on-chain, Pyth delivers more precise pricing, effectively safeguarding against potential market manipulation or inaccuracies within the Mage Finance ecosystem.