Why PancakeSwap prediction doesn't use Binance for price data?

Question

PancakeSwap

Raiyan

Why PancakeSwap prediction doesn't use Binance for price data?

#cake #cryptocurrency #de-fi #english

0

05.06.2022

5 ответов

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Raiyan Автор вопроса

Ethos
PancakeSwap uses two sources for our price feeds. ...

Thx for the info. I wonder why don't they use Binance price data since it is used in Tradingview which makes it easier for prediction. The price from Chainlink and Binance is different.

0

05.06.2022

Ethos

Raiyan
Thx for the info. I wonder why don't they use Bina...

data.chain.link/bsc/mainnet/crypto-usd/bnb-usd

0

05.06.2022

Raiyan Автор вопроса

Ethos
data.chain.link/bsc/mainnet/crypto-usd/bnb-usd

This refreshes very slowly. PancakeSwap prediction could have removed the BETA tag if they used Binance price data. Also it isn’t a great thing that they burn people’s BNB if a round’s price is same with the locked price.

0

06.06.2022

Combot

Raiyan
This refreshes very slowly. PancakeSwap prediction...

There is a weekly token burn every Monday/Tuesday (NO SPECIFIC TIME). Read about the emission rate and deflationary mechanics here: CAKE Tokenomics

0

06.06.2022

Ethos · Accepted Answer

PancakeSwap uses two sources for our price feeds. ChainLink Oracle: - Our prediction contract uses the ChainLink Oracle price feed to set the prices used to dictate whether a user has won or not. Binance BNB/USDT: - Used for real-time price updates on the PancakeSwap prediction market interface. Since we’re using two different price feeds, the real-time price updates from Binance and the ChainLink Oracle price may differ by a small amount. Read more about the Prediction Market here: Prediction FAQs

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Why PancakeSwap prediction doesn't use Binance for price data?

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