Moda Network Whitepaper
  • About Moda
    • Moda Team
    • Our Mission
    • Contact
  • Moda Trade
    • Asset classes
    • Open\Close position
    • Slippage
    • Liquidation Mechanism
    • Fees
      • Opening Fee / Closing Fee
      • Price Impact
      • Borrowing Fee
      • Rollover Interest
    • Fee Allocation
    • Referral Program
  • Moda DON
  • mUSDT Vault
    • mUSDT
    • TikTok System
    • mUSDT Minting and Burning
    • $MODA Minting and Buyback
  • $MODA Tokenomics
    • $MODA Allocation
    • $MODA Single Side Staking Pool
    • $veMODA & DAO Staking Pool
  • Moda DAO
  • Ecosystem Fund
  • Roadmap
  • FAQ
  • Disclaimer
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Moda DON

Moda Network does not utilize order books to generate prices, but applies Moda Decentralized Oracle Network to feed real-time quotes considering the price impact to maintain consistency between quotes and spot prices and avoid price anomalies to traders.

Final Quotation = Oracle Quotation(TWAP/VWAP) * (1 + fixed spread + dynamic spread)

Stocks, index, commodity and forex apply the Time-Weighted Average Price(TWAP) algorithm to calculate the time-weighted average price between the time of order submission to execution.

Cryptocurrency applies a 24-hour trading Volume-Weighted Average Price(VWAP) algorithm based on the real-time spot quotation of the top ten exchanges on CoinMarketCap.

Cryptocurrency’s Oracle Quotation (VWAP) =iPi*Wi/iW

Pi is the spot quote Price of each exchange.

Wi is the 24-hour trading volume of each exchange.

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Last updated 1 year ago