Sui Foundation Partners with Stork to Bring Real-Time Pricing Data to Traders and Builders

Stork An Ultra-Fast Trading Oracle Designed for Low-Latency Environments

Sui partners with Oracle Stork to offer builders quick pricing data.

🚀 Hold onto your hats, folks, because the Sui Foundation is teaming up with Stork to revolutionize the world of trading and blockchain development! 🌟

Introduction: A $2 Billion Valuation and Counting

The Sui Foundation, the brilliant minds behind the layer-1 blockchain sensation known as Sui, has recently joined forces with Stork, an off-chain data feed oracle. And let me tell you, this collaboration is about to take the crypto world by storm! 💥

Quicker Than a Stork’s Flight

So, what’s all the fuss about? Well, this partnership is specifically designed to turbocharge the speed and accessibility of unique index and mark prices for both traders and builders. Stork will swoop in (pun intended) and provide real-time pricing data to app developers, decentralized exchanges (DEXs), and lending protocols that are building on the Sui blockchain.

Stork: The Oracle that Rocks the Decentralized World

You might be wondering, “What exactly is Stork?” Well, my curious friend, Stork is an oracle that’s specially built for ultra-low-latency trading. It’s so lightning-fast that it publishes updates for more than 80 price feeds in the blink of an eye! 🏃‍♂️

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In fact, Stork claims to leave other decentralized oracles in the dust when it comes to speed. Its mission is to provide accurate and up-to-the-second pricing data that traders and developers can rely on.

Bye Bye Risk, Hello Accurate Trading

“With Stork’s real-time pricing data, trading venues can manage their perpetual swaps and options books with greater accuracy, reducing the risk of loss related to liquidations when a customer’s positions are undercollateralized,” the press release announced. 📢

In other words, Stork’s data will help traders make informed decisions, ultimately minimizing the chances of getting rekt. And let’s be honest, who wants to be rekt? Not us!

Introducing the Mark Price: A Game Changer for DEXs

But wait, there’s more! Stork doesn’t stop at just index pricing. It also offers mark prices, a game changer for most DEXs out there. You might be scratching your head, wondering what mark prices are all about. Well, buckle up, because this is where things get interesting.

When it comes to derivatives trading (which pretty much rules the roost in the crypto market), mark prices play a crucial role. They showcase the “true” value of a contract. And let’s be honest, knowing the true value is always a good thing, right? 😉

Smooth Sailing with Mark Prices

“Mark prices are less volatile—they balance and smooth out abnormal price fluctuations during times of high volatility,” explains the magnificent Meredith Pitkoff, Stork’s co-founder. Bless you, Meredith, for bringing calm to the chaos!

In a nutshell, mark prices provide stability and ensure a fair trading experience even when the market seems to be having a temper tantrum. Thanks to Stork, builders and traders in the Sui ecosystem can now enjoy this soothing stability for themselves.

Sui: The Rising Star of Blockchain

Now, let’s take a moment to appreciate Sui, the rising star of the blockchain galaxy. 🌟 This layer-1 blockchain, founded by ex-Meta Platforms employees, made its grand entrance onto the mainnet stage in May. And guess what? It’s already locked in an impressive $329 million in total value (TVL), according to DefiLlama’s latest data.

In other words, Sui is quickly capturing the hearts (and wallets) of traders and builders alike. Its potential is practically bursting at the seams, and with the addition of Stork’s real-time pricing data, the possibilities are truly limitless.

🔍 Additional Information and Frequently Asked Questions

Q1: How does Stork’s real-time pricing data benefit traders and builders?

A1: By providing up-to-the-second pricing data, Stork helps traders make accurate decisions, minimizing the risk of losses due to undercollateralized positions. Builders can also use this data to improve the accuracy of their perpetual swaps and options books.

Q2: What are mark prices, and why are they important for DEXs?

A2: Mark prices reflect the “true” value of a contract, ensuring fair and stable trading. DEXs can benefit from Stork’s mark prices, as they offer stability and balance during times of high volatility.

Q3: How has Sui performed since its launch on the mainnet?

A3: Sui has amassed an impressive $329 million in total value locked (TVL) since its mainnet debut in May. This flourishing blockchain project is set to make a lasting impact in the industry.

🚀 Looking Ahead: The Future Is Bright

The collaboration between the Sui Foundation and Stork is a game changer. It’s not just about real-time pricing data; it’s about empowering traders and builders with the tools they need to succeed in the fast-paced crypto world.

As we journey into the future, we can expect even more revolutionary developments in blockchain technology. The integration of oracles like Stork will continue to enhance the efficiency and reliability of the ecosystem. And as always, we’ll be here to inform and entertain you every step of the way!

📚 Reference List

1. Sui Foundation Valuation
2. Arbitrum Dominates Ethereum Layer-2 Total Value Locked
3. DefiLlama – Total Value Locked Data

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