Oracle & Pricing Mechanism

To maintain an accurate assessment of collateral values, Bitance relies on a decentralized oracle network that aggregates price data from multiple sources.

Key Features:

• Multi-Source Aggregation: Combines data from Chainlink, Pyth Network, and BNB-native oracles for redundancy.

• Time-Weighted Averages: Uses TWAPs to smooth short-term volatility.

• Fallback Mechanism: If a primary oracle fails, the protocol automatically defaults to backup feeds.

Oracle feeds are updated at regular intervals and are used for:

• Determining real-time collateral valuation

• Enforcing minting limits

• Calculating liquidation thresholds

• Executing redemption pricing

This approach ensures Bitance remains robust during price shocks or network congestion.