OIP-196 - Price Feed Resilience
AI summary
This proposal, OIP-196, aims to upgrade the Olympus PRICE module to version 1.2. This upgrade will enhance the reliability and resilience of the price feeds used by Olympus, especially for the OHM token. It introduces the ability to use multiple price sources, filter out significant price deviations, and implement a fail-safe mechanism if feeds are unreliable.
If approved, the protocol will be less vulnerable to issues with individual price oracles, leading to more stable and accurate pricing for OHM and other assets like USDS. This benefits the entire Olympus ecosystem by reducing the risk of automated operations making decisions based on incorrect market prices. There are no direct financial allocations or specific individuals benefiting or losing from this technical upgrade.
Voting results
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Summary
This proposal upgrades the Olympus PRICE module to PRICE v1.2 in order to improve the resilience of price feeds used by protocol contracts, particularly for OHM.
PRICE v1.2 preserves backwards compatibility with the existing PRICE v1 interface, so downstream policies such as Operator, YieldRepurchaseFacility and EmissionManager do not need to be changed. The upgrade allows assets to be resolved from multiple price feeds using explicit strategies, deviation filtering and strict-mode failure behaviour.
Motivation
The protocol currently relies on a small number of oracle paths w…