Oracle Price Feeding
Oracle Price Feeding Pricing oracle is one the most crucial part of MIDAS as it evaluates the floor value of NFTs in real time which then enables to define loans value for all loans and liquidation price
We are currently using the APIs from Hyperspace.xyz and Hellomoon.io
We are then applying Time-weighted average price (TWAP) and volume-weighted average price (VWAP) algorithms methodologies for calculating asset prices As an additional safeguard mechanism we stop updating the floor price if we notice large and rapid changes. After that, sales are checked for some time, and depending on this, we update the price (or disable the collection in case of rug)
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