Oracle funding
Here we explain how oracle gas costs funding works
Oracles require a constant stream of updates, thus gas costs reimbursement for updates is needed. To achieve this, all oracles deployed by DIA have a dedicated wallet which calls oracle contracts for updates. This is referred to as the "gas wallet".
Each oracle deployed by DIA has a gas wallet, which is the only entity capable of calling for an oracle update. The wallet initiates the transaction to import a new value into the oracle smart contract, based on the data feed's update parameters (that have been previously configured).
For the gas wallet to perform new oracle contract updates, it must have a sufficient balance of the blockchain's native token to cover the transaction's gas costs.
The gas wallet can be funded with a one-time lump sum, allowing it to keep updating for a while. However, monitoring the gas wallet's balance is necessary to ensure continuity in the oracle's operations.
DIA has set up internal gas wallet balance trackers. We recommend protocols to actively monitor them to ensure that the wallet balance remains sufficient for pushing new oracle updates.
DIA has a dedicated endpoint for asset historical updates count to help you estimate the number of oracle updates. This allows to foresee potential gas costs that would be required for running the oracle.
get
https://api.diadata.org
/v1/assetUpdates/:blockchain/:address/:deviation/:updateFreq
Get historical Oracle updates count
Last modified 1mo ago