Sui Blockchain Partners with Stork to Provide Real-Time Pricing Data
The team behind the $2 billion-valued Sui blockchain network has teamed up with niche oracle provider Stork to deliver ultra-fast pricing data to its users. This partnership aims to enhance access to key indexed values and derivative contract prices for traders and builders operating on Sui.
Low-Latency Data Delivery from Stork
Stork specializes in low-latency data delivery relevant to trading venues. The oracle provides updates on over 80 different price feeds in milliseconds, outpacing other decentralized data sources. This sub-second delivery enables sophisticated risk management for trading protocols, allowing DEXs and lending platforms on Sui to accurately administer perpetual swaps and options pricing.
Supplying True Value Metrics
In addition to indexed rates, Stork supplies proprietary mark prices that show the “true” value of contracts. Mark pricing captures a real-time snapshot of an instrument’s fair value based on the oracle’s aggregated methodology. This allows trading venues to better moderate margin coverage, risk limits, and liquidation triggers based on actual contract value shifts.
Fueling Next-Generation Crypto Trading
Sui, a layer-1 blockchain founded by former Meta engineers, prioritizes high throughput, security, and usability. By collaborating with Stork, Sui aims to enable sophisticated applications like trading venues that were previously impractical on first-generation blockchains. With reliable pricing data transmitting at unmatched speeds, developers can build next-generation DeFi protocols for traders with unique needs.
Hot Take: Enhanced Speed and Access to Key Data for Developers
The partnership between Sui blockchain and Stork is set to revolutionize the way developers access real-time pricing data. With Stork’s low-latency data delivery and supply of true value metrics, builders and traders on Sui will have the tools they need to manage risk more effectively and create innovative applications. This collaboration highlights the growing symbiosis between specialized blockchains and tailored oracles in the crypto industry, paving the way for further advancements in functionality and infrastructure.
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