> For the complete documentation index, see [llms.txt](https://docs.openeden.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.openeden.com/hybond/price-oracle.md). # Price Oracle #### Price Oracle 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. *** #### Price Guards 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. | Parameter | Value | | ------------------- | ---------------------- | | Deviation Threshold | 50 bps | | Reference Price | Last closing price | | Price Monitoring | OE DB; Inflight Server | | Action on Breach | Halt vault | *** --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.openeden.com/hybond/price-oracle.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.