A price oracle is any tool used to view price information about a given asset. When you look at stock prices on your phone, you are using your phone as a price oracle. Similarly, the app on your phone relies on devices to retrieve price information - likely several, which are aggregated and then displayed to you, the end-user. These are price oracles as well.
With current volumes on support of DEX and CEX, CTX and TCAP can't be added as a price feed on Chainlink, meaning that if we want to get current market price of these assets we need another way to get it. An oracle is needed to make many DeFi integrations as #22, #6, #28.
TWAP Oracles are a solution implemented by Uniswap V2, as Sushiswap is a fork of Uni V2 it can be used to create own our feeds while we reach the milestones needed to launch with Chainlink. More information can be find here -> https://uniswap.org/docs/v2/core-concepts/oracles/
Abstract
A price oracle is any tool used to view price information about a given asset. When you look at stock prices on your phone, you are using your phone as a price oracle. Similarly, the app on your phone relies on devices to retrieve price information - likely several, which are aggregated and then displayed to you, the end-user. These are price oracles as well.
With current volumes on support of DEX and CEX, CTX and TCAP can't be added as a price feed on Chainlink, meaning that if we want to get current market price of these assets we need another way to get it. An oracle is needed to make many DeFi integrations as #22, #6, #28.
TWAP Oracles are a solution implemented by Uniswap V2, as Sushiswap is a fork of Uni V2 it can be used to create own our feeds while we reach the milestones needed to launch with Chainlink. More information can be find here -> https://uniswap.org/docs/v2/core-concepts/oracles/