BPV announces the introduction of the LightEcho Oracle, a novel oracle service on Stellar’s Soroban platform, aimed at providing pricing data for emerging markets and managing XLM volatility. This addresses the needs of underrepresented and developing markets whilst allowing projects the possibility of creating new types of applications serving or operating on these markets such as FX Options.
The LightEcho Oracle is free and does not rely on external tokens. Choosing Stellar’s Soroban helps developers and companies more readily create inclusive and viable financial solutions, our Oracle is here to help you do exactly that.
At launch, the LightEcho Oracle will support a variety of currency pairs against XLM, including XLMVOL30d – a measure of volatility over the past 30 days crucial for Black-Scholes option pricing models - and the following pairs, USD, EUR, NGN, KES, EUR, USD, INR, ARS, and BRL. This selection is set to expand with additional USD pairs based on community demand within the next 30 days. The Oracle updates every 10 minutes, ensuring timely and accurate data for users and uses 18 decimal points for accuracy. And is also the first oracle of its kind to support event triggers.
LightEcho also pledges a commitment to the affordability of our oracle; by polling all last price oracle contract calls and refunding XLM used to call the oracle, BPV is making this critical service free for users! This approach not only encourages wider adoption but also supports the development of sophisticated DeFi applications, including lending platforms, automated market makers (AMMs), and derivatives markets.
The production contract address for LightEcho Oracle is:CDOR3QD27WAAF4TK4MO33TGQXR6RPNANNVLOY277W2XVV6ZVJ6X6X42T
See more details on Stellar Expert and be sure to check out the BPV GitHub repository.Integrate our LightEcho oracle today!
To get started, visit: GitHub - BPV LightEcho Stellar Oracle.
About BPV
BPV is a fintech leader dedicated to empowering financial institutions to optimize operations and grow revenue through digital assets. With expertise in Stellar protocol, payments, regulatory compliance, and IT systems, BPV specializes in digital asset custody, management, and tokenized asset trading software, driving the future of finance. For further inquiries, contact Christian Larsen at support@bpventures.us
Links:
https://github.com/bp-ventures/lightecho-stellar-oracle
Media Contact
Company Name: BP Ventures
Contact Person: Christian Larsen
Email: Send Email
Country: United States
Website: LightEcho.io
