Kaiko Provides Tezos Price Data On-Chain To Power DeFi Applications
Kaiko’s XTZ exchange rates will be written directly to the Tezos blockchain, available for use by DeFi applications.
Kaiko, cryptocurrency market data provider, will be publishing live XTZ price feeds to an on-chain oracle on the Tezos blockchain.
Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders. Teams and developers working on Tezos will now be able to leverage XTZ price data to embed into their smart contracts, products, and services.
The availability of on-chain price data is key for DeFi applications, be it to write financial contracts, contribute to balancing mechanisms for algorithmic stable coins, or to use as reference data for lending / staking platforms.
Kaiko will be writing historical and live XTZ/USD and XTZ/CHF exchange rates to each new Tezos block (~ once per minute), where they will be available for use in smart contracts. The price composite is derived from Kaiko’s Exchange Rates data, which aggregates XTZ price data from dozens of exchanges.
Kaiko is also running its own Tezos node, thereby participating in the true decentralization of Tezos’ blockchain infrastructure.
Kaiko CEO Ambre Soubiran said, “Kaiko’s mission is to empower market participants with actionable, reliable, and transparent data, which we believe reduces investor risk and improves the overall quality of crypto markets and we hope this will encourage more teams to build products and applications relying on the Tezos protocol.”
Early Tezos architect and co-founder Arthur Breitman said, “I’m looking forward to seeing what people will build on this!”
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About Kaiko
Founded in 2014, Kaiko is a market data provider in the blockchain-based digital assets space, providing institutional investors and market participants with enterprise-grade data infrastructure. We collect, normalize, store, and distribute digital assets market data via a livestream WebSocket, REST API, and cloud-based flat file (.csv) Data Feed, to which clients connect to build data-driven applications. Our raw trade data, order books, and aggregates cover 20,000+ currency pairs across 85+ exchanges, with new markets added every day. With over five years of historical data, Kaiko provides the most extensive digital asset datasets in the industry. Kaiko caters for the market data needs of professional investors, asset managers, funds, researchers, regulators, third-party platforms and exchanges.
