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Chainlink Median

Chainlink integrated medianizer

1. Summary

The ChainlinkPriceFeedMedianizer has a similar interface to the Governance Led Median although, instead of relying on governance whitelisted oracles, it simply keeps a reference to a Chainlink price reference contract (price aggregator).

2. Contract Variables & Functions

Variables
  • authorizedAccounts [usr: address] - addAuthorization/removeAuthorization/isAuthorized - auth mechanisms
  • staleThreshold - time since linkAggregatorTimestamp after which the median value is considered stale
  • chainlinkAggregator - address of the Chainlink price reference contract
  • rewardRelayer - address of the contract that rewards addresses that call updateResult
  • medianPrice - latest fetched price
  • lastUpdateTime - latest timestamp when the contract pulled a price update from Chainlink
  • multiplier - scaling factor for the Chainlink result (e.g if the price has 8 decimals and we want it to be scaled to 18 decimals, multiplier = 10 and medianPrice = fetchedPrice * 10 ^ multiplier)
  • symbol - the price oracle type (ex: ETHUSD)
  • periodSize - the minimum delay between two consecutive updates after which the reward for updating again starts to increase
  • linkAggregatorTimestamp - the timestamp of the Chainlink aggregator's latest price update
Modifiers
  • isAuthorized - checks whether an address is part of authorizedAddresses (and thus can call authed functions).
Functions
  • modifyParameters - allows governance to change contract parameters
  • read() public view returns (uint256) - gets a non-zero price or fails
  • getResultWithValidity() public view returns (uint256,bool) - gets the price and its validity
  • updateResult(feeReceiver: address) - updates the price stored in the contract by calling the Chainlink aggregator
Events
  • AddAuthorization - emitted when a new address becomes authorized. Contains:
    • account - the new authorized account
  • RemoveAuthorization - emitted when an address is de-authorized. Contains:
    • account - the address that was de-authorized
  • ModifyParameters - emitted when a parameter is updated
  • UpdateResult - emitted when updateResult is called. Contains:
    • medianPrice - the latest median price
    • lastUpdateTime - timestamp of the call

3. Walkthrough

When reading the latest price feed, the contract also stores the timestamp when the price coming from Chainlink was posted on-chain. The system can incentivize anyone to call updateResult and update the median price regularly using a rewardRelayer.
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Governance Led Median
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Uniswap V2 Median
Last modified 1yr ago