Configurable Settings:
Satoshi Perps governance can adjust oracle settings through improvement proposals, including:- Pausing/resuming the oracle
- Updating price feed configurations
- Setting fixed prices for specific assets when necessary
Robust Security Measures:
- Price Continuity: Ensures smooth transitions during any system updates
- Comprehensive Testing: Thoroughly tested in simulated environments before deployment
- Audited Code Base: Inherits the security benefits of the audited Venus protocol
Specialized Handling for Correlated Tokens:
For tokens with strong correlations (e.g., Liquid Staked Tokens), the oracle:- Queries the exchange rate between correlated assets using smart contracts
- Multiplies the exchange rate by the USD market price of the underlying asset
- Uses dedicated oracles for each LST to ensure accurate pricing
Advantages for Satoshi Perps:
- Enhanced resilience against oracle failures or attacks
- Improved accuracy of asset prices, reducing risks of unwarranted liquidations or inflated borrowing
- Flexibility to adapt to market changes and integrate new price data sources
- Increased overall security and stability of the Satoshi Perps protocol