Y series – #5) On Oracles
Some perp DEXs are orderbook-based. They rely on active trade volume to reflect fair prices — if no one’s selling, you can’t buy.
We use a different model.
There’s no orderbook. When a trader goes long or short, their counterparty is the liquidity pool. That means we, the protocol, must know the "true" price at all times — for entries, exits, funding, and liquidations. That’s where the oracle comes in.
We use @StorkOracle and fully trust both their infra and the @MitosisOrg team behind it. But in DeFi, trust isn’t a security model.
I won’t go into every measure we’ve taken, but I still want you to feel safe.
We run a 24/7 watchdog that checks oracle prices against other feeds and exchanges. It flags anomalies and gives us confidence that our on-chain price reflects real-world markets — and that Stork is indeed correct.
We also minimize risk:
– Only list high-liquidity tokens
– Cap open interest per market
– Stress-test oracle deviations regularly
We didn’t build the oracle — @StorkOracle has done a beautiful job. But we engineered as if it might fail.
Caution on top of caution.
How was my debut on Space!😎
Was fun chatting live with @MitosisOrg ! Thanks @DeFi_Tex for being a great host.
I'd like to continue on with the Y-series that I've been talking about yesterday https://t.co/owByDt4ooN
since it seems that you guys are reading the series with more interest than I expected💡
I'll write up something soon.
🦁 Introducing Zycules
The Hercules-inspired mascot of Zygo,
paying homage to @Morse_404 .
With this heroic saga, we’re ready to strengthen our community like never before!
Stay Tuned 👀
@MitosisOrg
🦁 Introducing Zycules
The Hercules-inspired mascot of Zygo,
paying homage to @Morse_404 .
With this heroic saga, we’re ready to strengthen our community like never before!
Stay Tuned 👀
@MitosisOrg