INTRODUCTION
Protocol: Bifrost
Website: https://bifrost.finance/
About: Bifrost is a web3 derivatives protocol that provides decentralized cross-chain liquidity for staked assets
Use case: Development of collateral value driven vKSM price feed
REQUEST INFORMATION
Assets
| Asset Ticker | Asset Blockchain | Asset Address | Asset Markets Overview | Comments |
|---|---|---|---|---|
| vKSM | Bifrost | N/A | KSM asset information | Collateral ratio driven price feed will be developed with KSM as base asset |
Methodology
- Measuring total collateral value against KSM value minted:
- vtokenMinting.tokenPool >= tokens.totalIssuance, or vToken is over-minted.
- Volume Weighted Average Price with Interquartile Range (VWAPIR) will be used to calculate the price of the KSM. Learn more about it here
- 60sec time window for trades aggregation will be applied to collateral tokens at each price update
- 30sec price update frequency will be applied
DELIVERY INFORMATION
| Delivery Method | API feed |
|---|---|
| Is testnet deploy required? | No |
NOTES
Additional relevant information:
- Technical documentation for extracting vKSM reserve ratio is listed here.