Bluejay Finance (Stablecoins)
  • Bluejay Finance Overview
  • Roadmap
  • What can I Do?
    • Stake BLU
    • Earn bluStables
    • Bond Assets
  • bluStables - Core Concepts
    • Overview
    • Treasury Bonds
    • Stabilizing Bond
    • Stablecoin Minting
    • Price Stabilizer
    • Collateralization
    • Oracle
    • Protocol Comparison
  • User Guides
    • Connecting Your Wallet
    • Buying and selling bluSGD
      • Buying and selling bluSGD via Uniswap
      • Buying and selling bluSGD via Peg Stability Module (PSM)
    • Buying Treasury Bonds
      • Buying DAI Treasury Bonds
      • Buying BLU/DAI Treasury Bonds
      • Buying bluSGD/DAI Treasury Bonds
    • Buying Stabilizing Bonds
      • Buying bluSGD/DAI Stabilizing Bonds
    • Redeeming Bonds
    • Buying and selling BLU
    • Staking BLU
    • Opening Support Ticket on Discord
  • Frequently Asked Questions
  • Technical Resources - Stablecoin
    • Overview
    • Code Audit
  • Bluejay Earn
Powered by GitBook
On this page
  • Overview
  • Dependent Modules
  1. bluStables - Core Concepts

Oracle

PreviousCollateralizationNextProtocol Comparison

Last updated 1 year ago

The oracle plays a role to provide a standardized price feed for the protocol.

Overview

The protocol needs to know the correct exchange rate for the stablecoins to the reserve assets to correctly quote the target stablecoin price on the different liquidity pools.

To do that, we make use of oracle providers such as or to provide a reliable price feed to the protocol. Since the quotes are usually for the currency pairs (ie SGD/USD), it needs to be further adjusted for the difference between the reserve asset value and the USD currency (ie DAI/USD).

The oracle also provides a safe way for the protocol to access and store the of the liquidity pool to protect the transaction from any flash loan or market manipulation attacks.

Dependent Modules

The oracle will be used by the Price Stabilizer module as well as the Stabilizing Bond Depository module.

Chainlink
Band Protocol
Time-Weighted Average Price (TWAP)