Oracles
Blockchain oracles provide smart contracts with external information from reputable sources. Oracles enable smart contracts to execute based on real-world evidence.
Proof of Reserve (PoR) Oracles
The oracle below compares Lombard's native BTC reserves to the amount of LBTC in circulation.
| Network | Provider | Contract |
|---|---|---|
Ethereum | RedStone |
About RedStone's oracle
The reserve ratio price is updated onchain either within every 24 hour period, or if there is a 1% deviation in price.
Learn more about RedStone's PoR oracle for LBTC here.
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