The value of a crypto derivative is derived from the pricing data provided by our oracle nodes. These nodes are independent and incentivized to provide accurate, near real-time (~1s) pricing data. The off-chain pricing data is sourced from multiple sources, including CoinGecko, Binance, Crypto.com, and various on-chain resources.
Our backend server stores offchain oracle data that is updated once every second, and all data is signed and timestamped. This data is then verified when it's used in off-chain oracle based swaps, ensuring that all transactions are secure and reliable.