Oracles

Sendit utilizes Pyth and Switchboard as its designated oracle providers to supply real-time price feeds across its markets. While multiple markets may exist for the same underlying token, their differentiation is defined exclusively by the oracle source selected during market creation.

As a user of Sendit, it is essential to review and verify the oracle information associated with each market prior to interacting with it. Exercise heightened caution when engaging with unverified markets, as they may carry increased risk due to potentially unreliable oracles.

Market Verification

Sendit differentiates between verified and unverified markets. While the platform does not apply a formal curation or verification process to every market created, it highlights markets utilizing Pyth oracles, as Pyth is regarded as one of the most battle-tested and reliable oracle providers in the ecosystem.

Verified Markets

By default, any market that utilizes a Pyth oracle will be designated with a Verified Market badge and listed within the Verified Markets section. To preserve liquidity efficiency and avoid fragmentation, only one verified market per asset is permitted on the platform.

Unverified Markets

Markets utilizing a Switchboard oracle will, by default, be classified as unverified, as Sendit cannot guarantee the accuracy of the price feed or the reliability of the underlying data sources selected for that feed.

Finding the Oracle Information

To manually verify the oracle information for a specific market, navigate to the market and click on Market. A window will appear displaying all relevant details, including:

Pyth: Program ID & Price ID

Switchboard: Feed Address

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