Oracles

Every bToken has a dedicated oracle that provides the price of the underlying asset on-chain.

You can find the complete list of our oracles at https://oracles.backed.fi/

Oracle forwarder

Internally managed oracles are built in two layers. The inner layer is the oracle implementation itself, the outer layer, called "Forwarder", is an agnostic contract that simply acts as a show pointer. Currently, it points to our internal implementation. This is done such that we would have the flexibility of pointing the oracle in the future to another oracle. Either to a new version of an internal oracle, or to an externally managed oracle.

How frequently are Backed Oracles updated?

All bToken oracles are updated daily or when a price deviation bigger than 10% is identified.

Who supports Backed oracles?

Our oracles are provided either internally or by Chainlink. Our goal is to fully rely on third-party oracles for every bToken.