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The HYBOND Price Oracle contract is protected by a multi-signature mechanism. Updates to the lastClosingPrice parameter — which serves as the Price Guard reference — require a multi-sig operation involving the vault's cross-functional team.
The Price Guard mechanism protects the vault against price manipulation and extreme price fluctuations. If the live price deviates beyond the defined threshold from the reference price, the vault is automatically halted.
Deviation Threshold
100 bps
Reference Price
Last closing price
Price Monitoring
OE DB; Inflight Server
Action on Breach
Halt vault
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