Oracles & Data Feeds

Accurate, tamper-resistant data is the lifeblood of PLX. The protocol sources its prices primarily from Pyth Network, Switchboard, and its proprietary volatility oracle, which aggregates short-term data across Solana’s perp DEX ecosystem.

Each vault consumes multiple feeds simultaneously to calculate a weighted median price. For example, the SOL2X vault’s exposure engine reads SOL/USD prices from three independent feeds. If any diverge beyond a defined threshold, the vault ignores outliers and waits for consensus before executing a rebalance. This multi-oracle setup minimizes the risk of front-running or manipulation — ensuring PLX vaults never rebalance based on stale data.

The oracle layer also provides secondary metrics:

• Volatility Index (VIX-S): Determines how wide the rebalance bands should be.

• Funding Rate Index: Tracks open interest and perp funding trends to capture yield differentials.

• Rebalance Confidence Score: Helps vaults skip unnecessary updates during turbulent or illiquid conditions.

This architecture gives PLX vaults near-human intelligence — they don’t blindly rebalance but respond dynamically to market context.