Coinbase launches oracle machine service, Compound and dYdX may consider using

Coinbase announced the launch of the oracle machine Coinbase Oracle, anyone can get the price data of BTC / USD and ETH / USD through the application program interface (API). The price of the oracle machine comes from Coinbase Pro, and the data will be updated every minute. Anyone can post the price to the chain. Because the price is signed by Coinbase’s private key, users can use the public key to verify the accuracy of the data. Compound CEO Robert Leshner said, “Coinbase Oracle will improve the security and decentralization of Compound price sources.” Antonio Juliano, CEO of dYdX, said, “Coinbase price predictors will have a huge impact on the DeFi ecosystem. “