Oracle & Market Hours Risk

Understanding oracle infrastructure and market hours risks

Market Hours Gap

STRC trades on NASDAQ during U.S. market hours only (~32.5 hours/week). DeFi operates 24/7. This creates pricing gaps, particularly over weekends and holidays.

Period	STRC Price Source
Market hours	Live NASDAQ feed via RedStone
Off-hours	Last market close price (static)

Oracle Architecture

Buck uses RedStone oracles with custom STRC handling:

• Circuit breakers — operations pause if STRC moves >25% in 24 hours or if the oracle feed goes stale >2 hours

• NASDAQ-based pricing — immune to DEX manipulation; NASDAQ manipulation is securities fraud

Off-Hours Behavior

During market close, BUCK minting and redemption use the last close price. Transfers continue normally. When markets reopen, live pricing resumes and TWAP incorporates new prices within 30 minutes.

Liquidation Protection (Morpho)

For lending integrations, Buck mitigates overnight gap risk with:

• Conservative LTV parameters accounting for overnight gaps

• TWAP smoothing prevents instant liquidations at market open

• Treasury LP provides liquidation liquidity

Oracle Contract

Contract	Address
Oracle Adapter	0xa6c5f4D041192C2019E77f679eA02e9684235Fd9

---

Next: Smart Contract & Operational Risk →