4. OracleX API - Empowering DEX Aggregators

OracleX provides its highly accurate price prediction information to external applications and services through an API (Application Programming Interface).

In particular, it focuses on providing powerful tools for DEX aggregators.

This API enables DEX aggregators to not only provide the best rates at the "present moment" but also to predict "future" price fluctuations and incorporate them into their trading strategies.

4.1 API Overview

The OracleX API is designed as a RESTful API, allowing developers to easily and quickly access prediction data using HTTP requests.

Data is provided in JSON format, making it easy to use in various programming languages.

In addition to real-time prediction information, it also provides historical prediction data and information on its accuracy, allowing developers to flexibly adapt to various use cases.

4.2 Main API Endpoints

The OracleX API provides the following main endpoints:

• GET /predictions/{asset}: Get price prediction for a specific asset Retrieves the future price prediction for a specified asset (e.g., ETH, WBTC). The prediction horizon (e.g., 1 hour, 24 hours) can also be specified.

• GET /predictions/{asset}/history: Get historical price predictions and actual results for a specific asset Retrieves historical price prediction data and actual values for a specified asset. This allows for a time-series verification of the accuracy of the prediction model.

• GET /predictions/market: Get an overview of market-wide predictions Retrieves a summary of price predictions for major assets. Useful for understanding overall market trends.

• /metrics: Retrieves the main evaluation metrics of prediction models for each asset in chronological order.

• /sentiment: Retrieves the market sentiment analyzed from on-chain and off-chain data for each asset.

4.3 Developer Documentation and SDK

OracleX provides comprehensive documentation and SDKs to make it easy for developers to use the API.

The documentation includes detailed information on API specifications, authentication methods, error handling, and usage limits.

Furthermore, by providing SDKs for major programming languages such as Python and JavaScript, it reduces the burden on developers and supports rapid application development.

4.4 Use Case: Optimal Route Calculation in DEX Aggregators

The OracleX API can be utilized in DEX aggregators in the following ways:

• Optimal route calculation based on price predictions Predict future price fluctuations and take them into account when calculating the optimal trading route to present to users. For example, it enables more strategic trading, such as selecting a route that goes through a DEX that holds a large amount of tokens that are predicted to rise in price.

• Implementation of trading strategies that minimize slippage By understanding price fluctuation risks in advance, it becomes possible to execute trades with minimal slippage.

• Reduced trading costs and improved trade success rates By presenting optimal trading routes and minimizing slippage, users can reduce trading costs and improve trade success rates.

In this way, the OracleX API is a powerful tool that dramatically enhances the functionality of DEX aggregators.