Prisma Finance: PIP-004 proposal has been implemented and the wstETH oracle has been put into operation
Stablecoin protocol Prisma Finance for LSD announced on social media that the PIP-004 proposal has been passed and implemented, and the wstETH collateral oracle has been put into operation.The previously used stETH/USD Chainlink oracle has been updated to a combination of stETH/ETH and ETH/USD. The original stETH/USD Chainlink oracle had a deviation threshold of 1%, while the updated oracle will reduce the deviation threshold to 0.5% to provide more accurate price feeding services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CoinShares: Digital asset investment products received $308 million in inflows last week
Ethereum Could Overtake Bitcoin by 2025, Says Benjamin Cowen Analysis
DOGE Creator Says ‘I’m Pre-Rich’, Sparking Hot Crypto Discussion