1inch Network – a protocol that unites decentralized projects – launched a spot price aggregator to extract data for assets traded on DEXs on the blockchain. The tool provides a liquidity-weighted average of token spot prices. To avoid issues within transactions, 1inch recommended using it off-chain.
1inch’s Newest Instrument
In a recent document seen by CryptoPotato, 1inch explained that the spot price aggregator aims to solve information-related tasks. Such include the visualization of asset valuations extracted from the blockchain in the interfaces of websites and applications.
The tool consists of smart contracts that interact with various decentralized exchanges to receive token liquidity-weighted spot prices. The instrument also handles wrapped assets such as wETH, cDAI, aDAI, and more.
In case there is no direct liquidity between two assets, the spot price aggregator calculates rates for those coins that use a connector token.
The feature supports many DEXs on Ethereum, Bi
We współpracy z: https://cryptopotato.com/1inch-network-introduced-its-spot-price-aggregator/
