7

I browsed through the Chainlink docs but I couldn't find an answer for how often prices are updated.

My understanding is that they have a rule that if the markets become super volatile, they immediately post an update to the data feeds. But normally prices are updated once every so often (1 hour?).

Could someone familiar with Chainlink answer this?

Improve this question

1 Answer 1

Reset to default
13

There are currently 2 "trigger" parameters that kick off Chainlink nodes to update.

1. A deviation parameter

The Chainlink nodes are monitoring the prices of the assets off-chain. If the real-world price of an asset deviates past some interval, it will trigger all the nodes to do an update. Right now, most Ethereum data feeds have a 0.5% deviation threshold.

2. A time interval

If the price stays within the deviation parameters, it will only trigger an update every X minutes / hours.

You can see these parameters on data.chain.link on an example like ETH / USD.

Improve this answer
2
  • 3
    On another note, thanks for bringing up that this should be in the docs!
    – Patrick Collins
    Oct 28, 2021 at 12:14
  • Where can one find this deviation parameter on-chain?
    – gosuto
    Nov 10, 2022 at 11:28

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge that you have read and understand our privacy policy and code of conduct.

Not the answer you're looking for? Browse other questions tagged or ask your own question.