06 January, 2023
INTRODUCTION
Protocol: ALGEM
Integration: Algem is the native liquid staking DeFi dApp on top of Astar Network offering various ways for ASTR users and holders to earn more.
REQUEST INFORMATION
Assets
Following assets will be included in the Oracle:
| Asset Ticker | Asset Blockchain | Asset Address | Asset Markets Overview | Comments |
|---|---|---|---|---|
| nASTR (collateral ratio driven feed) | Astar | 0xE511…F2b0 | ASTR Markets | ASTR price feed with collateral ratio derived price |
| nASTR (market price) | Astar | 0xE511…F2b0 | nASTR Markets | nASTR market price feed |
Methodology
- Moving Average Price with Interquartile Range (MAIR) will be used to calculate the price for the assets. Learn more about it here
- 1% deviation threshold for updates trigger will be applied for each asset
- 120sec time window for trades aggregation will be applied for each asset
- nASTR price using collateral feed will be derived as follows:
- nASTR price = ASTR price * (ASTR in staking contract / nASTR total supply)
- ASTR in staking contract will be derived by calling function read_staked_amount_on_contract on Astar DappsStaking contract
- nASTR total supply will be derived by calling function totalSupply on nASTR token contract
DELIVERY INFORMATION
| Delivery Method | Oracles on Astar network |
|---|---|
| Is testnet deploy required? | No |
| Delivery Estimate | 14 days |
NOTES
Additional relevant information: N/A