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What is a TWAP oracle ?

Time weighted average price (TWAP) oracles are oracles that gives the average price of a token for a determined period.

For example : A 7 days TWAP oracle will give the average price of a token during the last 7 days.

This oracles can be used on different DeFi solution.

When we need to fetch the current price of a token, we prefer using ChainLink oracle because TWAP oracles can be less accurate.
However, they can be created for any token while ChainLink price feed have a limited list of tokens.