{"id":27025,"date":"2020-08-08T13:47:40","date_gmt":"2020-08-08T10:47:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27025"},"modified":"2025-08-26T18:14:41","modified_gmt":"2025-08-26T15:14:41","slug":"defi-platform-compound-launches-open-price-feed-for-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/defi-platform-compound-launches-open-price-feed-for-cryptocurrencies\/","title":{"rendered":"DeFi platform Compound launches open price feed for cryptocurrencies"},"content":{"rendered":"<p>The decentralized finance protocol Compound has launched its own price oracle for cryptocurrencies as part of its shift to the freely accessible price-flow channel, the Open Price Feed. The developers said this in a <a href=\"https:\/\/www.comp.xyz\/t\/open-price-feed-live\/180\" target=\"_blank\" rel=\"noopener noreferrer\">blog<\/a><!--more--><\/p>\n<p>An oracle is an external decentralised channel that provides data necessary to execute smart contracts. DeFi platforms use price oracles to provide users with various services, including lending or margin trading.<\/p>\n<p>According to the release, to audit the proposed price stream, Compound engaged OpenZeppelin, a startup, and to verify contract properties \u2014 Certora.<\/p>\n<p>The developers also built an aggregator where users can obtain information about quoted prices. Data is available directly from each publisher via their API.<\/p>\n<p>Compound created a <a href=\"https:\/\/compound.finance\/prices\" target=\"_blank\" rel=\"noopener noreferrer\">prices page<\/a> so that anyone can freely check the state of the system. All information is available on the network and does not depend on the protocol&#8217;s infrastructure, the developers stressed.<\/p>\n<p>They noted that the new price stream has been undergoing roughly ten days of testing on the Ethereum testnets Kovan and Ropsten. The mainnet launch is expected within a week.<\/p>\n<p>Earlier, the cryptocurrency exchange Coinbase Pro introduced price oracles for DeFi protocols.<\/p>\n<p>Follow Forklog&#8217;s news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DeFi protocol Compound launched its own price oracle for cryptocurrencies as part of the shift to the Open Price Feed, an open-access price-flow channel, according to developers in a blog post.<\/p>\n","protected":false},"author":1,"featured_media":27026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1389,1494,1093],"class_list":["post-27025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-oracles","tag-compound-comp","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=27025"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27025\/revisions"}],"predecessor-version":[{"id":27027,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27025\/revisions\/27027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/27026"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=27025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}