Data Feeds: Ondo — SVR, manual unpause verification, and Data Streams equity leg#3690
Open
sebastian-lerner-link wants to merge 12 commits intosmartcontractkit:mainfrom
Open
Conversation
Adds a short Smart Value Recapture (SVR) section to the Ondo tokenized equity page. Explains that primary mint/redeem can be permissioned while on-chain hold and liquidations are open, and that SVR liquidator participation can include teams with primary access—so SVR is used for these feeds in production when the primary market is not public to all. Made-with: Cursor
|
Someone is attempting to deploy a commit to the Chainlink Labs Team on Vercel. A member of the Team first needs to authorize it. |
Adds manual pre-unpause verification: new sValue × Data Streams 24/5 equity (same v11 leg as DON) vs frozen token price. Documents where to obtain the stream (v11, tokenized equity FAQ, config/ops, Ondo/CL). Retains short SVR section for permissioned primary / open on-chain use. Made-with: Cursor
sebastian-lerner-link
changed the title
|
The latest updates on your projects. Learn more about Vercel for GitHub.
|
Contributor
Author
sebastian-lerner-link
left a comment
sebastian-lerner-link
left a comment
There was a problem hiding this comment.
a few comments
Contributor
Author
sebastian-lerner-link
left a comment
sebastian-lerner-link
left a comment
There was a problem hiding this comment.
looks good, one minor comment
|
|
||
| _This section contains information for asset issuers that provide Chainlink with pause state for tokenized equity feeds._ | ||
|
|
||
| Some asset issuers use pause-based workflows for large corporate actions such as stock splits or reverse splits. In these workflows, **the feed freezes at the last known good token value during the pause window**. Before signaling that the feed can be unpaused, the asset issuer should verify that the post-corporate-action equity price and the new issuer multiplier are aligned so the next published token value remains continuous. |
Contributor
Author
There was a problem hiding this comment.
i would get rid of "some". some implies that there's another way to do it. we really want ppl doing manual-based pausing
This file contains hidden or bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Sign up for free
to join this conversation on GitHub.
Already have an account?
Sign in to comment
2 participants
Add this suggestion to a batch that can be applied as a single commit.This suggestion is invalid because no changes were made to the code.Suggestions cannot be applied while the pull request is closed.Suggestions cannot be applied while viewing a subset of changes.Only one suggestion per line can be applied in a batch.Add this suggestion to a batch that can be applied as a single commit.Applying suggestions on deleted lines is not supported.You must change the existing code in this line in order to create a valid suggestion.Outdated suggestions cannot be applied.This suggestion has been applied or marked resolved.Suggestions cannot be applied from pending reviews.Suggestions cannot be applied on multi-line comments.Suggestions cannot be applied while the pull request is queued to merge.Suggestion cannot be applied right now. Please check back later.
Summary
Updates the Ondo tokenized equity feeds page with three additions:
Smart Value Recapture (SVR) — Short note on why SVR is used for Ondo on-assets: permissioned primary mint/redeem can coexist with open on-chain hold and liquidation; SVR’s liquidation ecosystem can include teams with primary access, so these feeds use SVR in production when the primary market is not public to all.
Manual verification before unpausing (corporate actions) — Explicit operator checklist: take the new sValue, multiply by the current underlying equity leg, and compare the implied token (TR) value to the frozen token price at pause; they should align (subject to Ondo’s tolerance) before the pause is cleared.
Where to get the equity price — States that the leg is the same Data Streams 24/5 (v11) input the DON already uses, with links to the v11 report schema and the tokenized equity FAQ on how market data is sourced; use stream + session from feed config / ops monitoring, or Ondo/Chainlink for the mapping.
Why
Recurrent partner/Slack questions (SVR + primary issuance) and internal ops need a single public place for unpause criteria and for how to resolve the underlying equity input for manual checks.
Links