Oracle Price Index

DIPX Price Index Oracle Design

DIPX Price Indexes come from the combination of pieces that are updated by Chainlink oracle network and Uniswap.

DIPX utilizes the decentralized Chainlink oracle network which provides up-to-date token price data to smart contracts on Ethereum. The responsibilities of an oracle network include updating, storing, distributing up-to-date token prices relevant to the system, and disabling exchange functionality if prices are not fresh. Uniswap provides the reference price as a supplement.

During times of high volatility, there will be a spread from the Chainlink price to the median price of reference exchanges.

The mark prices are displayed next to the market name, long positions will be opened at the higher price and closed at the lower price while short positions will be opened at the lower price and closed at the higher price.

The chart will indicate the average of the two mark prices.