IFÁ LABS pfp

IFÁ LABS

@ifalabs

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With just 4 minutes to demo, we shared why devs and protocols should use Ifa Labs, how it works, and why we’re building it. Excited to share more updates in the coming days. Thank you @jesse.base.eth @balajis.eth @jchskin @xenbh.eth @0xNoroc for having us! To elaborate more on the questions asked by @jchaskin; 1. How do we ensure the price data is accurate? We do this using a multi-layered oracle design. We aggregate data from multiple reputable sources-including CEXs, DEXs and FX data providers, and we use a weighted-average algorithm to filter out outliers and manipulation attempts before relaying it onchain. 2. How do we plan to convince devs / stablecoin issuers to trust our oracle infra? Just as we’ve been doing, working very close with issuers and devs, we’re building trust by combining technical transparency, open access, and tailored support for emerging markets. All our prices can be publicly and permissionlessly verified. https://x.com/Ifalabs/status/1937623947513598066
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