Price Discovery

Throughout the Bend Protocol, we require reliable, up to date, and secure price feeds for reserves. Our proxy price provider contract provides this capability and works by:
  1. 1.
    First checking for a price from a Chainlink aggregator.
  2. 2.
    If the price is below or equal to zero, we call our fallback price oracle.​The fallback price oracle is currently maintained by the Bend team.
  3. 3.
    In the future, Bend governance mechanisms will manage the selection of sources and the fallback price oracle.