Coinbase to support new Ethereum-based oracle

Coinbase says it will add Nest Protocol (NEST) once liquidity conditions are met. The company will add NEST to the platform under its experimental label for digital assets, which are for cryptocurrencies that are either new to the company’s platform or have relatively low trading volume compared to other crypto assets.

Nest Protocol, a Chainlink (LINK) competitor, is a decentralized oracle network based on the ERC-20 token issued by the Ethereum network. The platform allows users to get price information for decentralized finance (DeFi) assets such as stablecoins and futures and is powered by the NEST token.