# New Oracle Mechanisms

Here is a breakdown of the key features and mechanisms of the new oracle solution.

**Enhanced collateral price feeds:** In addition to the original TWAP, spot prices are incorporated, with additional price feeds from Curve, Uniswap V3, and Balancer.

**Arbitrage prevention:** Minting and redeeming transactions are conducted at different prices to eliminate arbitrage trades. This helps to protect the collateral held by the protocol.&#x20;

fToken mint at the minimum price

fToken redeem at the maximum price

xToken mint at the maximum price

xToken redeem at the minimum price

**Risk management:** Collateralized ratio is calculated at maximum price as well as stability pool liquidations. This ensures that risk is managed effectively, and liquidations occur at appropriate levels to maintain system stability.

**Net Asset Value:** NAV is calculated based on TWAP during non-transacting period. This NAV calculation can serve as an oracle price feed for various DeFi applications integrating f(x) assets.

**Additional protection measures for xTokens:** To prevent arbitrage trades, xTokens cannot be both minted and redeemed within the same block. Additionally, a transfer of xTokens cannot occur within a specified timeframe of thirty minutes after minting. These measures help in mitigating potential exploits and maintaining price integrity.

## **\[ETH/USD Spot]** have 4 price sources, which are:&#x20;

* <https://data.chain.link/feeds/ethereum/mainnet/eth-usd>
* <https://info.uniswap.org/#/pools/0x88e6a0c2ddd26feeb64f039a2c41296fcb3f5640>
* <https://info.uniswap.org/#/pools/0x8ad599c3a0ff1de082011efddc58f1908eb6e6d8>
* <https://v2.info.uniswap.org/pair/0xb4e16d0168e52d35cacd2c6185b44281ec28c9dc>

## stETH New oracle:&#x20;

1. \[[stETH/ETH Curve EMA](https://curve.fi/#/ethereum/pools/factory-v2-303/deposit) ]\*\[[ETH/USD Chainlink TWAP](https://data.chain.link/feeds/ethereum/mainnet/eth-usd)]
2. \[[stETH/ETH Curve Spot](https://curve.fi/#/ethereum/pools/factory-v2-303/deposit)] \* \[**ETH/USD Spot** ]
3. \[[stETH/ETH Univ3 Spot](https://info.uniswap.org/#/pools/0x109830a1aaad605bbf02a9dfa7b0b92ec2fb7daa)] \*\[ **ETH/USD Spot** ]
4. \[[stETH/ETH Balancer Spot](https://app.balancer.fi/#/ethereum/pool/0x93d199263632a4ef4bb438f1feb99e57b4b5f0bd0000000000000000000005c2)] \* \[**ETH/USD Spot** ]
5. \[[stETH/ETH Curve2 Spot\] ](https://curve.fi/#/ethereum/pools/steth/deposit)\* \[**ETH/USD Spot ]**

## frxETH New oracle:&#x20;

1. \[[Curve frxETH/WETH EMA](https://curve.fi/#/ethereum/pools/factory-crvusd-15)] \* \[[Chainlink ETH/USD TWAP](https://etherscan.io/address/0x5f4eC3Df9cbd43714FE2740f5E3616155c5b8419)]
2. \[[Curve frxETH/WETH Spot](https://curve.fi/#/ethereum/pools/factory-crvusd-15)] \* \[**ETH/USD Spot** ]
3. \[[Curve frxeth Spot](https://curve.fi/#/ethereum/pools/frxeth)] \* \[**ETH/USD Spot** ]
4. \[[Curve stETH/frxETH Spot](https://curve.fi/#/ethereum/pools/factory-v2-274)] \* \[[Curve steth Spot](https://curve.fi/#/ethereum/pools/steth/deposit)] \* \[**ETH/USD Spot** ]

## weETH New oracle:&#x20;

1. \[[RedStone weETH/ETH Twap](https://etherscan.io/address/0x8751F736E94F6CD167e8C5B97E245680FbD9CC36)] \* \[[Chainlink ETH/USD TWAP](https://etherscan.io/address/0x5f4eC3Df9cbd43714FE2740f5E3616155c5b8419)]
2. \[[Uniswap V3 ETH/weETH 0.05%](https://info.uniswap.org/#/pools/0x7a415b19932c0105c82fdb6b720bb01b0cc2cae3)] \* \[**ETH/USD Spot** ]/weETH.getRate()
3. \[[Uniswap V3 wstETH/weETH 0.05%](https://info.uniswap.org/#/pools/0xf47f04a8605be181e525d6391233cba1f7474182)] \*\[wstETH/stETH rate] \* \[ [Curve steth-ng](https://curve.fi/#/ethereum/pools/factory-v2-303)]\* \[**ETH/USD Spot** ]
4. \[[Curve weETH/ETH](https://curve.fi/#/ethereum/pools/factory-stable-ng-22)] \* \[**ETH/USD Spot** ]

## ezETH New oracle:&#x20;

1. \[[RedStone ezETH/ETH Twap](https://etherscan.io/address/0xF4a3e183F59D2599ee3DF213ff78b1B3b1923696)] \* \[[Chainlink ETH/USD TWAP](https://etherscan.io/address/0x5f4eC3Df9cbd43714FE2740f5E3616155c5b8419)]
2. \[[Curve ezETH/ETH](https://curve.fi/#/ethereum/pools/factory-stable-ng-79/deposit)] \* \[**ETH/USD Spot** ]
3. \[[Balancer V2 Stable](https://app.balancer.fi/#/ethereum/pool/0x596192bb6e41802428ac943d2f1476c1af25cc0e000000000000000000000659)] \* \[**ETH/USD Spot** ]

## WBTC New oracle:&#x20;

1. \[[Chainlink WBTC/BTC Twap](https://data.chain.link/feeds/ethereum/mainnet/wbtc-btc)] \* \[[Chainlink BTC/USD Twap](https://data.chain.link/feeds/ethereum/mainnet/btc-usd)]
2. \[WBTC/USDC spot price of [Curve TriCryptoUSDC](https://curve.fi/#/ethereum/pools/factory-tricrypto-0)]
3. \[[Uniswap V3 WBTC/USDC 0.3% Spot](https://info.uniswap.org/#/pools/0x99ac8ca7087fa4a2a1fb6357269965a2014abc35) ]
4. \[[Uniswap V3 WBTC/ETH 0.3% Spot](https://info.uniswap.org/#/pools/0xcbcdf9626bc03e24f779434178a73a0b4bad62ed)] \* \[[Uniswap V3 USDC/ETH 0.05% Spot](https://info.uniswap.org/#/pools/0x88e6a0c2ddd26feeb64f039a2c41296fcb3f5640)]

## CVX  oracle:&#x20;

1. \[[Chainlink CVX/USD Twap](https://data.chain.link/ethereum/mainnet/crypto-usd/cvx-usd)]&#x20;
2. \[[Chainlink CVX/USD Spot](https://data.chain.link/ethereum/mainnet/crypto-usd/cvx-usd)]&#x20;
3. \[[Curve CVX/ETH](https://curve.fi/#/ethereum/pools/cvxeth/deposit)] \* \[**ETH/USD Spot** ]

Code: <https://github.com/AladdinDAO/aladdin-v3-contracts/pull/198>

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