🔮Oracles

Storm Trade on TON Blockchain integrates two advanced oracles—Stork and Pyth Network—to provide reliable price data, ensuring accurate trading conditions.

Stork

Stork specializes in ultra-low latency, delivering sub-millisecond updates. It aggregates price data off-chain from major exchanges and validates it using techniques like digital signatures and websockets. The data is then sent to TON Blockchain, making Stork suitable for high-frequency trading and volatile market conditions.

Key Features:

• Ultra-Low Latency: Provides rapid updates for real-time data accuracy.

• Efficient Data Handling: Aggregates prices off-chain to reduce latency before transmitting them to the blockchain.

• Wide Data Coverage: Sources from top exchanges to ensure broad asset coverage.

• Applications: Ideal for real-time trading, futures, and derivatives markets.

Learn more about Stork Price Feeds in the documentation.

Pyth Network

Pyth aggregates data from over 65 sources, including crypto exchanges, stock markets, and forex, to ensure extensive coverage. It uses Solana’s fast blockchain infrastructure for sub-second price updates, ensuring market conditions are accurately reflected. Through the Wormhole protocol, Pyth securely transfers data to TON, enabling seamless cross-chain integration.

Key Features:

• Broad Data Sources: Aggregates information from diverse markets for accurate pricing across asset classes.

• High Frequency Updates: Capable of processing over 700 price updates per second.

• Cross-Chain Compatibility: Utilizes Wormhole for secure data transmission across blockchains.

Learn more about Pyth Price Feeds in the documentation.

How Prices Are Formed on Storm Trade

Storm Trade calculates an index price using aggregated data from Stork and Pyth. This index considers trading volumes from multiple exchanges to create a weighted average price, with anomalies filtered out to maintain data integrity. Additionally, the market price is adjusted dynamically based on real-time open interest, reflecting the aggregated trading positions. This dual pricing approach ensures accurate representation of both long-term trends and short-term market shifts, providing fair and consistent trading conditions.

By integrating Stork and Pyth Network, Storm Trade offers reliable, real-time pricing, optimizing the trading experience on the TON blockchain.