Oracle Price

Drake leverages the low-latency price feeds from Chainlink’s Data Streams, ensuring that the most up-to-date prices are available for trading. Chainlink’s Data Streams provide fresh prices for eligible tokens and token pairs at a rate of at least once per second. These prices are stored off-chain in reports and can be pulled on-chain and validated by Chainlink’s Verify Contract whenever needed by the application.

Key Benefits

• Low Latency Data: By accessing real-time price updates, Drake ensures that trades are executed based on the latest market conditions, providing a competitive edge in the fast-paced world of perpetual futures trading.

• Frontrunning Prevention: The combination of low-latency data and Chainlink’s robust verification mechanisms helps prevent frontrunning, a common issue in decentralized trading environments. This ensures that your trades are protected from manipulation and are executed fairly.

• Performance Parity with Centralized Exchanges: The use of Chainlink’s low-latency oracle allows Drake to compete with centralized exchanges in terms of performance, while maintaining the transparency and decentralization that are core to the platform’s values.

Drake’s integration with Chainlink’s low-latency oracles highlights its commitment to providing a secure, transparent, and high-performance trading experience, leveraging the best of decentralized infrastructure.

reference: https://docs.chain.link/data-streams