CDR #049: Redacted $BTRFLY | Price Feed Request

Proposals CDRs - Custom Delivery Requests
, , ,
1

INTRODUCTION

Protocol: Redacted

Integration: Redacted Cartel is a liquidity management protocol that focuses on acquiring governance tokens (and voting power) across many DeFi protocols. BTRFLY. The Redacted Protocol is the hub for BTRFLY, which allows users to participate in governance and earn revenue from the Redacted treasury and Redacted’s products.

Website:

Assets

Following assets will be included in the Oracle:

Asset Ticker Asset Blockchain Asset Address Asset Markets Overview Trades Aggregation Window Size Comments
BTRFLY Ethereum 0xc55126051b22ebb829d00368f4b12bde432de5da 0x6e314039f4c56000f4ebb3a7854a84cc6225fb92 120 sec BTRFLY/ USD based on Curve WETH/BTRFLY pool (see Asset Market Overview)

Methodology

  • Moving Average Price with Interquartile Range (MAIR) will be used to calculate the price for the assets. Learn more about it here
  • 2% deviation threshold for updates trigger will be applied for each asset
  • 120 sec updates frequency check will be applied
  • The feed will be updated every 24h period if there are no deviation based updates

DELIVERY INFORMATION

Delivery Method Oracle on Ethereum network
Is testnet deploy required? No
Delivery Estimate 7 days

NOTES

Additional relevant information:

  • Additional markets/ pools shall be added when TVL approx. >2mn.

  • Additional pools may benefit from a longer trade aggregation window size. Additions/ changes in methodology and parameters will be noted in the CDR.

2

Thank you for requesting a DIA CDR. We confirm the CDR specifications were requested correctly. Find the oracle / API endpoint below:

Markets

By querying for blockchain and asset, the API provides the markets used for calculating this feed.

API endpoint

By querying for blockchain and asset, the API provides the asset quotation for each asset in the feed.

Oracle

The oracle is deployed and can be accessed here.

You can query for assets by calling the read function getValue() with parameters such as “BTRFLY/USD”. It will return two values:

  • The price of the asset queried with 8 decimals
  • The timestamp of the last update

Please make sure to top up the gas wallets very soon, as we only put in some gas to deploy and start the oracle.
Gas wallet: 0x2dD2abCe7Ff523A44F813a0169db66C110Ff8ec8

Also make sure it always has sufficient funding.