Upgrading OmniCOMP Oracle
Implementing 4 hour TWAP feed
Upon completion of deep testing on the live Polygon Matic instance of OmniCOMP, we are pleased to report price aggregation functionality to be performing within expected operational parameters.
Through extensive analysis of market data and direct monitoring of on-chain liquidity pool breakdown, the price oracle delivers a market accurate feed of Time Weighted Average Price, based upon data from the last 4 hours.
What this should mean in effect, is a small amount of ‘slush’ time between OmniCOMP and real market prices, allowing for a marginal layer of insulation against sudden market drops or aggressive institutional whales at play.
The new 4 Hour TWAP feed is live on BSC OmniCOMP, deployed with recent daily price update.
The original OCP daily Cyborg Rebase Mechanism (CbRM) remains active, but impact from its future prices updates should prove to be far less drastic.
Do note - There is not, and has never been, a hard schedule for the Cyborg Rebase Mechanism (CbRM) to activate. Updates average out to every 24hours, but by design there is some randomness injected. We strongly urge no-one to enter a max leveraged positions expecting to be “safe” based upon an imagined schedule.
Now, with more accurate live pricing to work with, in reality the CbRM should only serve as a ‘confirmation layer’ to ensure OmniCOMP asset prices reflect current market prices.
For most users this should pose no significant impact. Manage your positions. Seize opportunity. Pay your debts.
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