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On this page
  • How it works
  • Oracle Requirements
  1. How It Works
  2. Oracles and Staking

Clearpool Oracles

The Clearpool Oracle governance mechanism has been designed to ensure that the interest rate curves on Clearpool permissionless pools move fluidly with market conditions.

PreviousOracles and StakingNextOracle Voting Results

Last updated 1 year ago

How it works

  • Over the course of a periodic epoch, Oracles submit votes on the Clearpool IRM curve model parameters

  • Votes outside the 1st and 3rd quartile are removed resulting in a truncated distribution for each parameter

  • The weighted average of remaining votes is calculated and used to set each respective parameter for the subsequent epoch

  • An Oracle’s weight is determined by the amount of CPOOL staked by/to each Oracle

  • All Oracle's are rewarded based on the (Capped) Voting Power, and all votes are made public via the page

  • CPOOL rewards are distributed proportionally to the Oracle’s delegators with the Oracle itself retaining a % commission

  • Oracles set the commission % themselves. This can be changed at anytime but will only take effect at the beginning of the following epoch

  • If an Oracles stake drops below the minimum (see below) they will no longer be eligible to vote, hence no rewards will be distributed

Voting power and rewards are capped at 15%. Rewards are shared amongst all stakers within an Oracle pool (staking to an Oracle with more than 15% of total staked CPOOL will result in a lower APR)

Oracle Requirements

  • Minimum CPOOL stake: 150,000 CPOOL

  • Voting frequency: once every 2 weeks

  • Max voting power: 15% of total CPOOL staked

  • Commission rate. Set by Oracle

Request to become an Oracle by submitting this .

Oracle Voting Results
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