For example: EOS as collateral
To ensure the safety of your account funds, we use two alternative options to ensure the accuracy of EOS 5-min AVG.
Take the EOS price index of OKEX Exchange every 6s, and then obtain the average price of EOS in 5 mins by weighted average.
EOS 5-min AVG is taken from the latest EOS / USDT trading pair price of the five Exchanges: Coinbase、Bitfinex、Binance、Huobi、Mxc、Gate.
After obtaining the above data through the API every 6s, the average value is calculated, and then the average price of EOS in 5 mins is obtained by weighted average.
The explanation of the abnormal EOS 5-min AVG in option two:
(1) If the deviation range of EOS price in any of the above 6 Exchanges reaches ± 10% comparing with the other four Exchanges, the price index of that Exchange will be the median ± 10% of sample Exchange price;
(2) If the effective data in any of the above 6 Exchanges within 24 hours is less than 10%, the Exchange will not participate in the index calculation at that time. When the effective data is higher than 90% in the last 24 hours of that Exchange, the taking price process will be restored;
(3) If the price in any of the above 6 Exchanges cannot be taken normally due to market close, market interruption, attacks, etc., the calculation will be based on the effective price of that Exchange last time.
Special note: Defibox uses option one by default in taking EOS 5-min AVG. When abnormal price index happens in option one, option two will be used. Defibox will always keep your funds safe, and please rest assured.