Kwenta price updates explained
Currently, Kwenta utilizes the Synthetix protocol and its respective
ExchangeRatescontract to retrieve frequently stored price updates.
At Synthetix, the on-chain manifestation of the oracle is the
ExchangeRatescontract, whose stored prices it frequently updates. The primary user of these prices is the
Synthetixcontract, which needs them to calculate debt allocations when issuing and burning synths, and to determine the correct quantity of synths when performing an exchange of one flavour for another.