CDR #024: Sylva | stDOT Price feed oracle

INTRODUCTION

Protocol: SYLVA

Website: https://sylva.xyz/

Integration: stDOT price feed oracle

Blockchain: Moonbeam

Use case: Lending and borrowing

REQUEST INFORMATION

Assets

Following assets will be included in the Oracle:

Asset Ticker Asset Blockchain Asset Address Asset Markets Overview Comments
stDOT (market price) Moonbeam 0xFA36Fe1dA08C89eC72Ea1F0143a35bFd5DAea108 Link to app Market price - price derived from traded pairs
stDOT (fair value) Fair value - price derived from base asset and adjusted by contract state

Methodology

  • stDOT (market price)
    • Moving Average with Interquartile Range (MAIR) will be used to calculate the price of stDOT
  • stDOT (fair value)
    • Collateral ratio will be submitted as additional value based on the following formula:
    • stDOT = (DOTPriceInUSD * xcDOTTotalSupplyOnLido) / stDOTTotalSupply
  • 0.5% deviation threshold updates trigger will be applied for both feeds

DELIVERY INFORMATION

Delivery Method Oracle on Moonbeam Network
Is testnet deploy required? No