Ticker & Failover
Product definitions toward the treatment of price sources and ticker
The system will provide the price for a ticker IN the context of a given network/blockchain, like Ethereum, Arbitrum, etc. This will allow the Concrete system to have the price of a given network and avoid any noise from a different network.
Failover Mechanism
In case of a connection error in vizium or if the price difference is greater than the accepted percentage, the system will report the price from the other sources in this fashion:
Re-entry threshold
Whenever the average price on the exchanges goes 2% away from the the chainlink price, we default to the average price feed. This will be the case until the average price touches the re-entry threshold band of 1.5%, only then we default the price back to chainlink.
Tickers available
The following tickers are stored in the service:
The following map shows how the math is done between tickers:
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