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Echo Lending relies on accurate and reliable price data to ensure the safety and stability of its lending markets.
In our design, we have chosen Chainlink & Pyth as our oracles.
Chainlink: The most widely adopted decentralized oracle network in DeFi, providing highly secure, aggregated price data. It serves as the core price source for Echo Lending.
Pyth: Specializes in high-frequency, low-latency updates, complementing Chainlink and strengthening the protocol under volatile market conditions.
With this “Chainlink-first + Pyth supplemental” approach, Echo Lending can:
Ensure accurate pricing for lending markets
Reduce risks from relying on a single oracle
Build a safer and more transparent foundation for the protocol
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