Stork promises 'true' 24/7 price discovery for stocks and gold tapping Binance and other perps markets

Upstart oracle provider Stork released a methodology for 24/7 price feeds as it looks to provide "true price discovery" data around the clock for major stocks and commodities.

The move is a "first-of-its-kind" attempt to deliver institutional-grade, manipulation-resistant oracle prices for major real-world assets using activity from perpetual futures and traditional markets. This comes at a time when more and more trading activity is happening when stock and commodity markets are closed.

"Price discovery is now taking place during nights and weekends, and we're seeing demand from both the institutional and the crypto-native sides of our business," Stork founder and CEO Meredith Pitkoff said. "We've carefully studied safeguards that can capture this price discovery, while minimizing manipulation risk and gaps at market status transition, giving us the confidence to deliver 24/7 oracle prices using this methodology."

Stork plans to start off with eight assets initially, with pricing information sourced from existing markets on Binance, Bitget, Hyperliquid, Lighter, and OKX. The covered assets include commodities like gold, silver, WTI crude oil, and Brent crude, plus equities such as Tesla (TSLA), Circle (CRCL), Nvidia (NVDA), and Strategy (MSTR).

"Further price feeds beyond the eight listed assets are available by request," Stork said. 

Notably, "off-hours" market activity accounted for more than 20% of the cumulative trading volume for some of those assets on the named exchanges, an indication that perps markets are providing meaningful price signals 24/7, the company said. 

According to the methodology, Stork will draw data from traditional markets during open hours and switch to modular "Perpetual Swap Oracle Price Feed" on nights, weekends and holidays. These feeds are designed to be "opinionated" and customizable "for various use cases and risk appetites."

Exchanges and users can customize how responsive the oracle is to overnight and weekend order book activity, balancing freshness against with protection against manipulation or gaps when markets reopen, the documentation notes. 

To be sure, earlier this year, Chainlink rolled out 24/5 "Streams" for some equities and commodities. While there is little technologically in the way of rival oracles tapping perps exchanges for round-the-clock markets data, Stark notes it was built specifically for onchain perpetuals DEXs. 

Launched in 2022, Stork now powers more than half the daily volume in onchain perps markets. It is also the default or preferred oracle for major RWA perp platforms like Lighter. The project also expanded into 24/5 RWA price feeds last year. 

Stork raised $4.7 million in seed funding in 2024.