Oracle Integration

Oracle Integration

The Symmio Options Protocol uses secure, decentralized price feeds to power settlement, liquidation, and real-time solvency checks. Its oracle system is built on the Muon Network, which provides cryptographically verified price data using a distributed validator set.

Muon Network

• Threshold Signature Scheme (TSS): Prevents single points of failure.

• Schnorr Signatures: Enables efficient multi-party signature verification.

• Gateway Validation Layer: Adds an off-chain signature from a trusted gateway.

• Decentralized Validation: Multiple validators must agree on price updates.

Oracle Architecture

Component	Purpose
MuonOracle	Main on-chain oracle contract for price delivery
Schnorr Verifier	Performs cryptographic verification of signatures
Gateway Signature	Ensures a second, trusted source signs data
SettlementPriceSig	Encapsulates verified price + metadata for trades

Verification Process

function verifyTSSAndGW(
    bytes32 _data,
    bytes calldata _reqId,
    SchnorrSign calldata _signature,
    bytes calldata _gatewaySignature
) external view;

1. TSS Verification:

   Uses Schnorr signatures and public key matching to validate data from Muon.

2. Gateway Signature:

   Validates an additional ECDSA signature from a trusted gateway signer.

3. Integrity Checks:

   Confirms request freshness, symbol correctness, and data authenticity.

Key Integration Points

1. Trade Settlement

• Prices are verified during trade execution.

• Verified price is used to calculate PnL and finalize trades.

2. Liquidation Triggers

• Collateral prices and unrealized PnL are validated before liquidation.

• Oracle data ensures fair execution and risk isolation.

3. Real-Time Risk Monitoring

• Party-level PnL is updated using oracle-verified snapshots.

• Enables automated flagging of risky accounts.

Role in Liquidation Lifecycle

Phase	Oracle Role
Flagging	Real-time collateral valuation for solvency checks
Execution	Provides final settlement prices and deficit validation
Closure	Supports asset redistribution based on verified values

Oracle Data Flow