📈 Switchboard Feeds
A feature supporting efficient on-chain data feeds that get updated at specified intervals, ideal for applications requiring real-time data updates. A decentralized lending platform could use Switchboard Feeds to access updated collateral prices, ensuring accurate liquidation triggers and avoiding incorrect liquidations.
Use Cases
- Data feeds including commodity and cryptocurrency prices
- Sport scores for settling trustless escrows between parties
- Weather data to auto-settle insurance payouts
- Miscellaneous data to influence NFT traits