Oracle
The oracle is the external price reference each market uses for funding, mark price, liquidations, and TP/SL triggers. Listed real estate markets use the daily oracle path.
Oracle path
| Asset class | Source | Cadence | Behavior during quiet periods |
|---|---|---|---|
| Real estate | Parcl Labs index | Once daily | One update per day. Between updates, the price is the last published value. |
Real estate oracle
Real estate indices are structurally daily. The underlying data is a rolling window of transaction prices computed by Parcl Labs. The oracle publishes once per day. Between updates, the chain holds the last value.
What you'll see in the trading UI
- Index: the oracle price for the current market. Updates per the cadence above.
- Mark: the price the matching engine uses for funding and margin checks. Computed from the oracle plus other on-chain signals. See mark price.
Status checks
Check oracleStatus before increasing exposure. Real estate triggers and liquidations use the oracle price directly. See mark price.
See also
- Real estate oracle: once-daily Parcl Labs index path
- Mark price: how the oracle combines with orderbook signals into the mark price
- Liquidations & ADL: what fires off the mark, and the Treasury Liquidator backstop