Notional Ghost

control the narrative

[Notional Ghost @notionalghost]

$JEW Paired to the Israeli Shekle will run.

[Notional Ghost @notionalghost]

@seyong type shit

[Notional Ghost @notionalghost]

@wizardofsoho Would love one, reached out in wizdom trenches too 🙏

[Notional Ghost @notionalghost]

@launchonCME what changed? looks the same

[Notional Ghost @notionalghost]

@wizardofsoho uhhh can i join?

[Notional Ghost @notionalghost]

* the commodity oracle is centralized through one keeper EOA
* the critical price feed contract is unverified
* I asked whether the keeper can submit arbitrary prices / whether there are deviation checks and got no answer
* also asked what exact futures data source they use and how the synthetic commodity coins stay solvent if the underlying price rises materially, no answer
* the on-chain price feed stopped updating for ~8 hours yesterday, and buyback automation stopped around the same time, before eventually coming back online
* website has been glitchy, they’re shipping new features insanely fast, and now they’re already adding CS2 skins, illicit-drug indices, fast food, etc.
* most of the launched pairs haven’t really retained value; MILKERS did ~300k at launch but is back around ~30k

[Notional Ghost @notionalghost]

the oracle is centralized through a single keeper EOA, the critical price-feed contract is unverified, the team hasn’t answered questions about keeper permissions/deviation limits or what funds commodity-token gains if the underlying rises, and the oracle/feed actually went offline for ~8 hours yesterday. The site has also been buggy and the team is shipping new features extremely fast.

So IMO it’s not “fake,” but it’s still very experimental, centralized, and operationally immature. High upside if it works, but definitely not something I’d treat as proven infrastructure yet.

[Notional Ghost @notionalghost]

RPC issue” doesn’t explain everything. The on-chain Commodity Price Feed has had no updates for ~8 hours, and the buybackAndBurn contract has also been inactive for ~8 hours. That means the core keeper automation appears to be down, not just the frontend. For a protocol built around live commodity pricing, that’s a major red flag. Im out

[Notional Ghost @notionalghost]

@CookerFlips are you in CME?

[Notional Ghost @notionalghost]

I have 3 critical questions for
@launchonCME

1.) Any plans to verify the Commodity Price Feed source code on BlockScout?

2.) Is the commodity price feed controlled by the single
0xB365f2602efA59B876B6dAC1cC5C040a67f95c82 keeper EOA? Can that keeper submit arbitrary prices, and are there any on-chain deviation limits or validation checks on price updates?

3.) GLD's peg pool currently looks roughly 1:1 funded. USDG reserves are about equal to the current oracle value of GLD outside the ask side. If gold rises materially after GLD has already been bought, though, what funds that increase in redemption value? Does the protocol have another collateral/hedging mechanism, or can the USDG bid side eventually be exhausted?

[Notional Ghost @notionalghost]

I love it here

[Notional Ghost @notionalghost]

I have 3 critical questions for @launchonCME

1.) Any plans to verify the Commodity Price Feed source code on BlockScout?

2.) Is the commodity price feed controlled by the single 0xB365f2602efA59B876B6dAC1cC5C040a67f95c82 keeper EOA? Can that keeper submit arbitrary prices, and are there any on-chain deviation limits or validation checks on price updates?

3.) GLD's peg pool currently looks roughly 1:1 funded. USDG reserves are about equal to the current oracle value of GLD outside the ask side. If gold rises materially after GLD has already been bought, though, what funds that increase in redemption value? Does the protocol have another collateral/hedging mechanism, or can the USDG bid side eventually be exhausted?

[Notional Ghost @notionalghost]

@launchonCME Sheeeesh

[Notional Ghost @notionalghost]

@launchonCME GLD's peg pool currently looks roughly 1:1 funded. USDG reserves are about equal to the current oracle value of GLD outside the ask side. If gold rises materially after GLD has already been bought, though, what funds that increase in redemption value? Does the protocol have another collateral/hedging mechanism, or can the USDG bid side eventually be exhausted?

[Notional Ghost @notionalghost]

@launchonCME Any plans to verify the Commodity Price Feed source code on BlockScout?

[Notional Ghost @notionalghost]

@launchonCME Is the commodity price feed controlled by the single 0xB365f2602efA59B876B6dAC1cC5C040a67f95c82 keeper EOA? Can that keeper submit arbitrary prices, and are there any on-chain deviation limits or validation checks on price updates?

[Notional Ghost @notionalghost]

@launchonCME what are you referencing for "US street prices?"

[Notional Ghost @notionalghost]

@wizardofsoho Biden/Snow already a pair

[joseph.eth @josephdelong]

The most unemployed person you know with AI psychosis has a dashboard like this

[Notional Ghost @notionalghost]

@480invest @mark_inchicken @Aster_DEX @RobinhoodCrypto could it just mean you can deposit and withdraw to RHchain? and nothing more?