Throughout the Bend Protocol, we require reliable, up to date, and secure price feeds for NFTs. Our proxy price provider contract provides this capability and works by:
- 1.NFTs floor price are calculated using complicated algorithm, original price data come from well-known NFT marketplace such as OpenSea.
- 2.The NFT price oracle is currently maintained by the Bend team.
- 3.In the future, Bend governance mechanisms will manage the selection of sources.