According to Foresight News, modular lending platform Euler Labs has announced the launch of ERC-7726 on Ethereum. ERC-7726 is a standardized oracle API designed to integrate multiple oracle data source protocols. Euler v2 will incorporate ERC-7726 to support the use of multiple oracles, thereby providing more accurate pricing data.
Euler Labs explained that ERC-7726 operates by returning precise token amounts instead of static prices, offering more accurate valuations. This is achieved through modular, immutable adapters that allow protocols to integrate and utilize data from various oracle providers.
