Price Update Flow

Here's the outlined process for price updating

Price Calculation for Base Assets:

  • Trasmitter Agents collect trade data from various Centralized Exchanges (CEXes).

  • This data is stored in local databases on Trasmitter agents.

  • Trades are aggregated by time intervals.

LP/USD Price Calculation:

  • CDT Price Protocol Agents perform off-chain calculations to determine the VWAP of CDT assets.

  • The LP/USD price is derived as such:

Voting Period and Price Updates

  • During the voting period, Trasmitters calculate the LP price using the most recent prices.

  • They push their updates to StreamDataSpotter contracts.

Finalization on the Entangle Blockchain

  • When the necessary conditions are met (sufficient time elapsed and enough votes gathered), the StreamData protocol aggregates the votes.

  • An update event is manually initiated by the Executor Agent.

Data Finalization Event

  • The finalization process completion emits a DataFinalized event.

  • Trasmitter Agents capture this event (when needed) and initiate a new operation to relay the updated price information to the Entangle CDT Price Spotter on the designated blockchain.

Operation Proposal

  • Trasmitter Agents submit a new operation proposal through the Photon Messenger.

Operation Approval and Execution

  • Upon approval of the new operation, the Executor Agent publishes the CDT/USD price update on the destination blockchain.

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