As far as I have seen, isn't the least reported price feed from witnesses used? This could ruin the profit at the moment, since pharesim has not updated his HIVE price since 13 days.
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As far as I have seen, isn't the least reported price feed from witnesses used? This could ruin the profit at the moment, since pharesim has not updated his HIVE price since 13 days.
It's way less serious than you think. The chain uses the median value of all feeds during the last 3.5 days. One off doesn't influence it at all, so don't worry.
One thing I have noticed is that while the final conversion does use a median, the amount of collateral seems to be based on the lowest feed number, which was 48.5 cents.
The only effect I see here is slightly more collateral required.
Wow, good find. I've been wondering all the time why that's so low, couldn't make sense of it. Seems like a bad idea imho, is there a reason why that value is used?@blocktrades or @gtg maybe?
I've confirmed with the dev that it works as expected, not as described by @ecoinstant: it is the lowest price among median prices from last 3.5 days. So an outlier price error from one or two witnesses will not cause any issues.
Just had that thought too, price was on the rise. Thanks for confirming!
Thank you for confirming this!
AFAIK it is the lowest median value over the period, not the lowest feed value. That was how it was specified originally. I'll double check with the dev to be sure it was correctly implemented.
I see I wasn't sure, thanks for the clarification! 😅👍
@pharesim lets tag him
Good idea ;)