Oracle design

Oracle price combines multiple price sources to try form the most un-bias market price.

Oracle = Mark + Validator (last known price) + EMA / 3

Oracle price is formed from summing the total of mark (last traded price) + validator (25+ data sources, ie, collector, courtyard, phygitals) + EMA and dividing by 3. Each data point takes up ⅓ of weight.

As more volume and price data is formed on Trove to create a liquid market for live pricing, we can see certain weights (ie mark or EMA) take up more pricing weight (>33%). Pricing weight will be tested and vary in the Trove beta.

Oracle composition

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Design Principles

External data grounds the oracle in real-world pricing. Internal signals ensure responsiveness to live market sentiment.

External

Auction houses, marketplace sales, floor listings, and verified price books from 25+ sources like Courtyard, Collector_Crypt, Phygitals, and TCGPlayer.

Internal

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How the Oracle Is Calculated

Mark: $31.5 (last traded price on Trove) - The last traded price on Trove, reflecting real-time trader sentiment and market action.

Validator: $31 (sources sum/ quantity or sources) - Aggregated data from 25 verified external sources, including Collector_Crypt, Courtyard, Phygitals, TCGPlayer, and others.

EMA (HyperPS Model): $31.8 - Trove’s proprietary exponential moving average model, smoothing volatility and tracking short-term pricing trends.

Each input starts with ⅓ weight, ensuring that no single component dominates the oracle.

This tri-layered design anchors pricing in external reality while maintaining agility through internal market signals and predictive modeling.