Governance & Security
Configurable Settings:
Volta Market governance can adjust oracle settings through improvement proposals, including:
Pausing/resuming the oracle
Updating price feed configurations
Setting fixed prices for specific assets when necessary
Robust Security Measures:
Price Continuity: Ensures smooth transitions during any system updates
Comprehensive Testing: Thoroughly tested in simulated environments before deployment
Audited Code Base: Inherits the security benefits of the audited Venus protocol
Specialized Handling for Correlated Tokens:
For tokens with strong correlations (e.g., Liquid Staked Tokens), the oracle:
Queries the exchange rate between correlated assets using smart contracts
Multiplies the exchange rate by the USD market price of the underlying asset
Uses dedicated oracles for each LST to ensure accurate pricing
Advantages for Volta Market:
Enhanced resilience against oracle failures or attacks
Improved accuracy of asset prices, reducing risks of unwarranted liquidations or inflated borrowing
Flexibility to adapt to market changes and integrate new price data sources
Increased overall security and stability of the Volta Market protocol
By implementing this battle-tested oracle system, Volta Market demonstrates its commitment to providing a secure and efficient DeFi platform for its users.
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