Huobi, Dragonfly, Coinbase Invest $500K in New DEX With Alternative Oracle Solutions
This procedure can develop a variance in between oracle rate and the real market cost, where arbitrage trading takes place throughout rate discovery and liquidity swimming pool rebalancing. Traders and market makers will bear the arbitrage cost.However, CoFiX claims to have much better token rate feeds based on a rates system obtained from a decentralized cost oracle called NEST and the DEX’s risk-assessment design. Hence, CoFiX stated, the procedure can have a set of monetary specifications to confirm rates and produce arbitrage-free cost feeds.
