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Synth exchange pausing for spot market closures #79

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garthtravers opened this issue Jan 21, 2020 · 0 comments
Open

Synth exchange pausing for spot market closures #79

garthtravers opened this issue Jan 21, 2020 · 0 comments

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@garthtravers
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@garthtravers garthtravers commented Jan 21, 2020

From the announcement of transitioning to Chainlink oracles for FX currencies:

Given FX markets close over the weekend, and there is currently no mechanism to pause trading, there is a small chance of a positive black swan event if a fiat currency is expected to experience major price appreciation over a weekend. The Synthetix team is aware of this possibility, and is investigating solutions.

FX currencies typically don't move much over a weekend, but it is possible, and it's likely to become more of an issue when synthetic stocks are launched in the future. For this reason, it's important to start a conversation about what mechanism/s can be built into the Synths to combat this.

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