Enjoyoors
  • WHITEPAPER
    • Introduction
    • User-abstracted rehypothecation
      • Giga CDP of Enjoyoors
      • Giga CDP design
      • Deep secondary liquidity for gigaAssets
    • Protocol stability
      • Efficient portfolio management
      • Supply regulation for gigaAssets
      • System-wide insurance
    • Risk management framework
      • Market risks
      • Technical risks
      • gigaAsset allocation rules
    • Decentralized system architecture
      • Public chain infrastructure
      • Orchestrator appchain
      • Oracles
      • Interchain communications
    • Key protocol features
      • Epochs
      • Reward auctions
      • Intelligent peg adapters
    • Further considerations
      • Making RWAs work harder
      • Own DeFi ecosystem
      • Our priorities
  • SYSTEM ARCHITECTURE
    • Overview
    • Public Blockchain Infrastructure
      • Vaults
      • gigaAsset Manager
      • Target Protocols
      • Target Protocol Adapters
      • Intelligent Peg Adapters
      • AMM Pools
      • Rewards Treasury
    • AVS Relayer
      • Relayers
    • Enjoyoors Orchestrator AppChain (L3)
      • Enjoyoors Management System
      • Orchestrator AppChain Layers
      • Security Mechanisms
      • Price Oracle
      • Governance
      • gigaCDP
      • Portfolio Management System
      • Auctions
      • Insurance Pool
    • gigaAsset Bridge
    • gigaAssets
    • Epochs
  • PROTOCOL FLOWS
    • Deposit
    • Withdraw
    • Auction
  • RISKS
    • Protocol risks
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  1. SYSTEM ARCHITECTURE
  2. Enjoyoors Orchestrator AppChain (L3)

Price Oracle

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Last updated 1 month ago

Enjoyoors protocol requires up to date oracle prices for valuation of the collateral tokens and synthetic gigaAssets. Oracles will be integrated into the ENJ MS. Enjoyoors will use several data sources, both public and private to provide timely information on collateral and synthetic debt assets to the orchestrator. These sources include CeFi exchanges, DeFi exchanges, OTC markets as well as our primary oracle providers: Pyth and ChainLink.

Available market data usually provides token prices in relation to USD or USD-pegged stablecoins. Enjoyoors implements adapters which price collateral tokens in corresponding synthetic debt assets and unify pricing and valuation across the system.

Oracle price feeds are parametrised by the price step and update frequency: By default, Enjoyoors will receive a price update that triggers gigaCDP re-evaluation every 1 hour or if the price of the token moves more than 1% (translating to ~1% change in LTV of the the corresponding market).

Price Oracle and related components digram