Spot

Purpose

Ensures the protocol receives real-time, reliable price data for all collateral types. SPOT determines whether Vaults meet collateralization requirements.

Key Responsibilities

• Retrieves and updates collateral prices.

• Enforces collateralization thresholds for system stability.

Key Methods

• poke(ilk) Updates the system with the latest price for a specific collateral type.

  • Example Use: Updating the TRX price when markets fluctuate.

• file(what, ilk, data) Configures parameters such as the liquidation ratio (mat).

  • Example Use: Setting mat to 150%, requiring 1.5x collateral for every USDD minted.