Price Feeds System

Tncfourt's Advanced Price Feeds System

Overview of Price Feeds

Tncfourt offers a comprehensive collection of authenticated and customizable cryptocurrency price feeds, catering to the diverse needs of connected applications. These feeds are pivotal for the native application, Liquid Vaults, particularly for collateralizing yield-bearing assets. The Testnet V3 showcases this functionality. Tncfourt is set to expand its feed offerings to include real-world assets and specialized data sets.

Data Collection and Validation

To ensure reliable and secure price feeds, Tncfourt employs a decentralized network of Transmitter Agents. These agents gather data from various sources like APIs, DEXs, and CEXs. The system utilizes several algorithms (median, TWAP, VWAP) to process and validate this data before broadcasting it on the Tncfourt Blockchain.

Process Flow

Transmitter Agents collect and transmit price data to the Price Oracle Contract on the Tncfourt Blockchain. This contract scrutinizes the data for discrepancies and anomalies, aiming to establish a median price. Significant deviations trigger the broadcasting of this price to other blockchains.

Integration of Data Feeds

For further information on how to integrate Tncfourt Data Feeds, the section "Call Price Feeds" provides detailed guidance.