AVNU has successfully integrated Oracle Pools from Ekubo Protocol, introducing a boost in price accuracy for developers working with Starknet. This integration empowers developers to make use of Ekubo’s cutting-edge Oracle Pools to establish a reliable price oracle on-chain by locking up a small amount of liquidity in the Oracle Pool of the $EKUBO token. The company made the announcement on its official social media account, providing further details about the integration.
In a recent announcement, AVNU revealed that the integration of Ekubo Protocol’s Oracle Pools enables developers to calculate volatility and access price data on-chain. This advancement is expected to enhance the transparency and quality of DeFi applications. Oracles are crucial to the DeFi sector as they allow smart contracts to interact with real-world data. However, oracles are often vulnerable to manipulation, especially when low liquidity affects the reliability of price data.
Ekubo’s Oracle Pools address this issue by providing developers with a mechanism to create tamper-resistant price oracles. By locking liquidity into the pools, the protocol ensures precise price feeds that are protected from manipulation, thus strengthening the integrity of financial apps on-chain.
AVNU sees this integration as a significant advancement for the overall Starknet ecosystem, providing developers with resilient on-chain oracles to support a new wave of dApps. By incorporating Ekubo’s Oracle Pools, the company aims to meet the growing demand for accuracy and security in DeFi data.