Price oracle

Polynomial perp is a decentralised derivative exchange which uses Pyth oracle network, which is used to provide the up-to-date token price data to smart contracts on Polynomial chain.

Constituent Contracts

Contract
Description

Oracle

The oracle is responsible for collecting and updating all token prices known to the Polynomial Trade. Although it is not a contract, it controls a known Ethereum address from which price updates are sent to the ExchangeRates contract.

ExchangeRates

The Polynomial

exchange rates contract which receives token prices from the oracle, and supplies them to all contracts that need it.

Pyth Oracle

Polynomial chain has formed a partnership with Pyth to provide accurate and up-to-date token price data to smart contracts.

This collaboration empowers us to create a diverse range of products and tools that necessitate continuous control and comparison between trigger prices and execution prices (which is supplied by Pyth).

Last updated

Was this helpful?