Drift Protocol: Will migrate to Pyth oracle

Sep 12, 2024 04:36:39

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ChainCatcher message, Drift announced on social media that it will migrate to the Pyth oracle, with price inputs being updated from the Push oracle to the new Pyth product, the Pull oracle. The original Push oracle updated data every 400 milliseconds and experienced update delays during on-chain congestion.

The Pull oracle was deployed on the Solana mainnet on June 17, capable of updating prices on demand according to protocol needs, ensuring timely price updates during congestion.

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