CDR #034: DeStar | Asset Price Feed

DeStarProtocol
Wed, 11 Jan 2023 18:39:31 +0000
CDRs - Custom Delivery Requests

dApp Introduction

dApp name: DeStar
dApp website: destar.io
dApp overview: DeStar is a protocol that enables users to deposit and borrow tokens on top of its network. Depositors can provide liquidity to earn interest, while borrowers can leverage their assets without selling them out.

Feed usage

Data type: Price feed
Use case: The feed will be used to price collateral value

Specifications

Feed specification

Asset pair: BTC/USD
Sources: All available markets
Methodology: Moving Average Price with Interquartile Range (MAIR)
Frequency: 60sec
Window size: 30sec

Oracle specification

Target chain: Evmos
Update mechanism: Deviation based
Threshold: 0.5%

Additional information
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