Oracles & Price Feeds
Foxify utilizes PYTH and CHAINLINK to provide the essential price feeds required for initiating and settling trades on its trading platform. Pyth Network delivers real-time, low-latency price updates, which are crucial for maintaining the accuracy and timeliness of the market data needed for our trading decisions.
This integration facilitates efficient system operations and continuity with minimal setup time, enabling us to offer competitively priced, verified quality first-party data sources across various cryptocurrency assets. This capability supports our diverse trading strategies and risk management needs. Additionally, Pyth's cross-chain functionality ensures that we can maintain flexibility and accessibility across multiple blockchains within the decentralized finance ecosystem.
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