Oracle Policy

The closed-market problem

Crypto trades continuously. Equity markets do not. A reserve holding both has periods where part of its NAV is a stale figure from a closed market, and any system that consumes NAV — claim value, lending health factors — inherits that staleness.

Candidate policies

• —Last-close pricing for equity legs with an explicit staleness label in the interface
• —Wider collateral haircuts on equity legs during closed hours
• —Suspension of NAV-dependent actions outside a defined window