Kumixbit has found a way to make working with DeFi safer
The popular digital asset exchange Kumixbit will launch Oracle for DeFi – a service for the supply of accurate data on prices in the cryptocurrency market.
With the help of a digital oracle, all network participants will be able to publish information about prices and verify the authenticity of the recorded data. The system will receive information about the current rates of digital assets from the Kumixbit Premium platform, a version of the exchange for professional traders.
Technically, the Kumixbit oracle is a channel with data on price values for users of the project’s decentralized network. Many platforms from the open finance sector (DeFi) use similar services to collect information for the purpose of subsequent issuance of loans, implementation of margin trading and management of other instruments.