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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

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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

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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

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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
By implementing this battle-tested oracle system, Satoshi Perps demonstrates its commitment to providing a secure and efficient DeFi platform for its users.