Oracle
Shrike uses API3's Airnode oracle network in order to confirm our own prices submitted to our FastPriceFeed.
dAPIs are continuously updated streams of off-chain data, such as the latest cryptocurrency, stock, and commodity prices. They are secure, transparent, and cost-efficient data feeds that connect smart contracts directly to first-party data sources. They are powered by Airnode, the serverless first-party oracle solution developed by the API3 DAO. Shrike uses Proxy Feeds deployed by Api3.
Our Price Updater sets prices based on the average CEX price of an asset, and then our Position Manager contract checks the most recently updated price against API3's prices in order to make sure there are no major discrepancies.
The proxy feeds Shrike uses are detailed below:
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