Oracle

As a lending protocol, INIT is committed to offering unparalleled security to its users by utilizing several world-class Oracle Providers, including API3 and Pyth (coming soon).

The INIT Oracle aggregates prices from multiple integrated oracles, ensuring that the output price remains within the predefined threshold, thereby providing a reliable price feed at all times, even in instances where some oracle sources may be unavailable.

In the event of a price deviation between sources reaching the threshold, the INIT Oracle will pause all actions within the protocol until all the oracles are back to normal. This measure is taken to guarantee that no actions are executed based on inaccurate feed prices, maintaining the integrity and reliability of the protocol.