How does FLOAT protocol know what the prices are?
To make stabilisation adjustments, Float Protocol needs to know the price of FLOAT, BANK and ETH.
To do this, we use the following: ETH-USD feed on Chainlink to get the ETH price, FLOAT-ETH TWAP (time-weighted average price) from Sushiswap to know the FLOAT price in terms of ETH. Lastly, BANK-ETH TWAP from Sushiswap to know the BANK price in terms of ETH.
Last modified 1yr ago