Use Cases

Use Cases for Price Feeds

Stablecoins: enable adjusting the supply mechanisms to maintain their peg to a fiat currency.

Marketplaces with multi-currency support: price feeds enable dynamic currency conversions.

Decentralized Lending: used for loan collateralization, margin calls, and to prevent under-collateralization.

Decentralized Reputation Networks where users can get rewards in various tokens: price feeds help calculate the fair value of rewards when distributed in various tokens.

Decentralized Perpetual Futures: price feeds enable calculating funding rates and margin requirements.

In-game Currencies for Decentralized Gaming: price feeds can help convert in-game assets into real-world currency equivalents.

Interest-bearing Stablecoins: price feeds enable converting between yield-bearing assets and fiat.

Portfolio Rebalancing: price feeds determine the current value of assets in a portfolio to rebalance effectively.

Decentralized Payout Systems: enable payouts in various tokens, ensuring that the value distributed is accurate.

Multi-token Decentralized Investment Platforms: provide the necessary data to manage and display the value of multi-token portfolios.

Yield Farming: calculating returns in yield farming strategies.

Decentralized Insurance: determining the value of insured assets and claims payouts.