Reya Network Integrates Stork for Breakthrough Trading Speed
Reya Network integrates Stork’s ultra-low latency data feeds for top-tier speed and precision in trade execution, solidifying Reya as the leading trading-optimized L2 solution.
Today marks a significant upgrade to Reya Network's performance with the integration of Stork, an open data marketplace designed to overcome the limitations of traditional blockchain oracles. Stork delivers real-time decentralized on-chain price data with update times as fast as 10 milliseconds, approaching TradFi standards. This partnership enables the creation of DeFi's most responsive trading environment, combining the lowest-latency L2 with the lowest-latency data feed.
The Reya Network can now process price data updates at block-building time intervals of 100 ms, with an average per-market latency of just 500 ms. These are performance thresholds which would have been much harder to attain on other networks, given the average 2-seconds block-building times of existing L2s such as on Optimism, Polygon, or Base. This unprecedented speed guarantees that trades are executed with unparalleled precision, further cementing Reya Network’s position as the premier trading platform for professional traders.
Understanding the Importance of Real-Time Data Feeds
To fully appreciate this upgrade, it's essential to understand the role of real-time data feeds in the context of the network's core capabilities. When Reya Network initially launched, it utilized Redstone data feeds through native Gelato integrations. While reliable, these feeds had a typical update time of 10 seconds. Given that Reya Network produces blocks every 100 milliseconds, this latency presented a challenge that had to be immediately addressed.
Stork's real-time data feeds are the heartbeat of the financial logic powering Reya Network. They play an integral role in the price-pegging mechanism of the passive liquidity pool (LP) and are crucial for position assessment and collateral liquidation within the Derivatives Clearing Protocol.
Beyond the immediate benefits for traders and LPs, this performance upgrade offers developers building on Reya Network the ability to directly leverage the fastest and most reliable high-performance data feeds available. By combining low-latency block times with real-time data feeds, developers can now build on cutting-edge trading infrastructure.
Delivering the Best Execution Prices for Traders
Accurate price execution is as critical for traders as it is for LPs. With deep liquidity and precise pricing on Reya DEX, the integration of Stork’s data feeds ensures that execution prices are optimized for efficiency. This integration offers the following major improvements:
- High-Frequency Trading for All: Stork’s data feeds deliver price execution at the level of high-frequency traders, making this capability accessible to both junior and professional traders. On Reya DEX, or any partner platform within Reya Network, traders can be confident that they are getting the best possible execution prices, free from the information asymmetry typically found when dealing with market makers.
- Efficient Hedging: Traders can now reliably hedge spot exposures with Reya perps, knowing that margin requirements and intermediate PnLs closely align with the spot market. This accuracy makes basis trades and other hedging strategies more efficient and profitable.
- Superior Spot Exposure: The combination of real-time data feeds and Reya Network's pegging mechanism makes long positions on Reya DEX an attractive option for traders seeking spot exposure. Trades can be executed very close to spot prices, ensuring that PnLs reflect the most current market conditions.
Maximizing Trade Opportunities
To illustrate the impact of these upgrades, here are some example trades that are optimized by the new data feeds and Reya Network’s design.
- Funding Rate Misalignment: Funding rates across DeFi can vary significantly, reflecting the liquidity conditions of each trading venue. This creates opportunities for traders to profit by realigning funding rates. By taking long and short positions on different venues, traders can reduce or eliminate spot price exposure while benefiting from funding rate discrepancies. On Reya DEX, the superior spot price tracking and execution provided by Stork’s data feeds make it an optimal platform for such arbitrage strategies. Whether Reya’s funding rates are low or elevated, the efficiency of price tracking enhances the profitability of these trades.
- Price Misalignment: Execution prices can also vary significantly between different trading venues, especially during periods of high volatility. With Stork’s real-time data feeds, Reya Network remains aligned with the most accurate and up-to-date spot prices, making it an ideal platform for price misalignment trades. Traders can capitalize on inefficiencies in other venues’ pricing mechanisms, profiting from fast trades leveraging Reya’s superior execution speed.
Experience Unmatched Speed and Precision
This performance upgrade also means that traders can now benefit from the most accurate and up-to-the-second pricing available in Defi, further enhancing the trading experience on Reya DEX. No other platform can match this price update speed, and all traders can now be confident that all trades execute at the best possible market price.
Or explore this end-to-end python reference implementation, and follow the instruction materials to build your own trading executions.
Reya Labs
Enhancing Financial Security for LPs
Speed is not the only advantage of this upgrade. Stork’s real-time data feeds also significantly enhance the financial security and performance of Reya Network’s key differentiators: liquidity and financial logic embedded natively in the Network. The passive liquidity pool is central to providing deep liquidity for perpetual futures on Reya DEX and other partners integrating with Reya Network. This pool features a dynamic pricing mechanism that pegs Reya futures to spot prices, using price and funding rate incentives to rebalance net exposure.
In addition to protecting the liquidity pool, these real-time data feeds are critical for the Derivatives Clearing Protocol, which manages risk within the collateral pool. Accurate data feeds are essential for assessing the health of open positions and initiating liquidations whenever necessary. Stork’s real-time data ensures that the Protocol can perform these critical functions efficiently, even during periods of high market volatility, providing the highest level of security for funds secured on Reya Network.
The integration of Stork’s real-time price data feeds marks a major trading infrastructure upgrade, ensuring high performance, security and speed for all network participants. Professional traders benefit from top-tier execution prices, liquidity providers remain protected by real-time data updates, minimizing risks and safeguarding assets, and developers building advanced trading platforms can access cutting-edge trading-optimized infrastructure.
Reya Network sets the new standard in trading speed execution, delivering a superior trading experience powered by the world’s leading trading-optimized L2.
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