Coinspeaker
Sui Partners with Stork Oracle for Faster Pricing Data
The Sui Foundation has partnered with off-chain data feed oracle Stork to provide traders and developers with fast pricing data.
The Sui Foundation is the organization behind the layer-1 blockchain Sui and hopes to leverage Stork’s technology to boost speed and access to unique index and mark prices for users. Thanks to this collaboration, app developers, decentralized exchanges (DEXs) and lending protocols building on Sui will have access to live pricing data.
According to Stork, it was designed to withstand the challenges associated with ultra-low-latency trading. It reportedly publishes updates for over 80 price feeds in milliseconds, faster than all other decentralized oracles. “With Stork’s real-time pricing data, trading venues can manage their perpetual swaps and options books with greater accuracy, reducing the risk of loss related to liquidations when a customer’s positions are undercollateralized,” s
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