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  • Get Started
    • Tethered Assets
    • Introduction to Alloy by Tether
  • Alloy by Tether
    • Alloy by Tether Vaults
      • Oracle
      • XAU₮
      • aUSD₮
      • Liquidations
  • How To
    • Frontend
      • Verification
      • Mint aUSD₮
      • Return aUSD₮
      • Monitoring the CMP
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  1. Alloy by Tether
  2. Alloy by Tether Vaults

Oracle

Introduction to the Oracle, the pricing tool of Vaults

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Last updated 10 months ago

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Blockchain Oracles

In the blockchain space, an "oracle" refers to a smart contract or entity that provides off-chain information to smart contracts on the blockchain. Despite being outstanding self executing tools, smart contracts typically lack the ability to access real-world data, such as the price of a commodity or asset, the outcome of a sporting event, or other external information.

For Vaults, the XAU₮ Oracle is a fundamental piece of the design, as it allows the smart contract to value the XAU₮ tokens provided as collateral by the user.

The XAU₮ Oracle used by Alloy by Tether Vaults can be found , and communicates to the Vault the value of XAU₮ expressed in USD.

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