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Helpful information for smart contract developers

πŸ“„οΈ πŸ’» Data Formatting & Processing

The price feeds provided to RedStone’s clients come from a diverse range of sources. This includes exchanges like Binance and Coinbase, decentralized exchanges (DEXs) like Uniswap and Sushiswap, and price aggregators like CoinMarketCap and CoinGecko. RedStone has over 150 sources integrated to date. The data is aggregated by independent nodes operated by data providers using various methodologies. Some methods include median, TWAP, and LWAP, which are all designed to capture the most accurate price by considering factors like the amount of liquidity available, and the average price during specific timeframes.