Supra deploys oracles on Function X
We are excited to announce that Supra Oracles has deployed their pull oracle feeds called Supra Pull to Function X’s f(x)Core!
Supra Pull oracle provides low latency on demand price feed updates needed for special use cases like perpetual DEXs and it’s open for everyone. Supra Pull is already live on 45+ chains with 200+ data pairs. The price feed value calculated by Supra is known as S-Value (aka Supra Value) and uses Supra’s innovative DORA protocol with layer-1 security guarantees.
Pull model uses a combination of Web2 and Web3 methods to achieve the ultra low latency from Supra to destination. Web2 methods are used to retrieve data from supra and web3 smart contracts are used for cryptographic verification.
With this integration, applications and developers on f(x)Core can now query live prices for their use.
About Supra Oracles
Supra Oracles provides decentralized oracle price feeds that can be used for on-chain and off-chain use-cases such as spot and perpetual DEXes, lending protocols, and payments protocols. Supra’s oracle chain and consensus algorithm makes it the fastest-to-finality oracle provider, with layer-1 security guarantees. The low-latency pull oracle has a sub-second response time.
Aside from speed and security, Supra’s rotating node architecture gathers data from 40+ data sources and applies a robust calculation methodology to get the most accurate value. The node provenance on the data dashboard (https://supraoracles.com/data) also provides a fully transparent historical audit trail. Supra’s Distributed Oracle Agreement (https://supraoracles.com/docs/SupraOracles-DORA-Whitepaper.pdf) (DORA) paper was accepted into ICDCS 2023, oldest distributed systems conference.
Learn more through Supra’s decks, videos, litepapers and whitepapers here (https://supra.com/research). Check out their developer docs here (https://supraoracles.com/docs/overview).
About Function X Foundation
Function X Foundation is a non-profit, independent organization that supports the growth of the Function X Ecosystem, a next-generation internet service framework, built entirely on and for the blockchain. It is a completely new ecosystem providing a novel service framework by improving the existing internet and blockchain architectures, combining the benefits of both, and using the most commonly used technical solutions. The Foundation has been set up to manage the usage of the Ecosystem Genesis Fund, which aims to motivate, encourage and facilitate service providers to join and get rooted into the Function X Ecosystem.
For more information about Function X, visit https://www.functionx.io
