Oracles

What are oracles?

Zest Protocol smart contracts need to know the prices of the various assets supplied on the protocol. Lending protocols like Zest Protocol rely on oracles to provide price feeds for assets.

Responsibilities of an oracle

• Updates, stores, and distributes up-to-date token prices relevant to the system.

• Ensures UI always displays the latest prices for listed assets on Zest

• Make sure loan liquidations are accurate and efficient

Zest Protocol uses Pyth

Zest Protocol utilizes the industry-leading Pyth oracle network to provide up-to-date token price data to to its smart contracts. Pyth was incubated by Jump Trading and is one of the most reliable oracle networks in the crypto industry. It doesn't get more robust than Pyth.

How does Zest Protocol utilize oracles?

The Zest protocol leverages its contracts to regularly fetch price updates for listed assets, ensuring accurate information is displayed in the UI and enabling precise, efficient, and seamless liquidations.