Prisma Finance: PIP-004 proposal has been implemented and the wstETH oracle has been put into operation

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Cointime2023/11/18 02:03

By:Cointime

Stablecoin protocol Prisma Finance for LSD announced on social media that the PIP-004 proposal has been passed and implemented, and the wstETH collateral oracle has been put into operation.The previously used stETH/USD Chainlink oracle has been updated to a combination of stETH/ETH and ETH/USD. The original stETH/USD Chainlink oracle had a deviation threshold of 1%, while the updated oracle will reduce the deviation threshold to 0.5% to provide more accurate price feeding services.

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