Hi, this pyth feed is reporting the wrong price. Could this be fixed?
caed0964240861da425cf03fae9737473f6f031fb80cbbd73c3fb8cddd7a2204"
It is stuck reporting a value of $1.02, but the market value is currently closer to $0.98. This is a semi-urgent matter as there are multiple silo.finance markets using this, and liquidation may not be possible if the real price gets too much lower than the oracle price.
Hi are you a user of Silo, or a protocol that relies on Silo? Please reach out to @mariopyth or @marctillement on telegram so we can assist further.
Also to note, the WSTKSCUSD/SCUSD is a redemption rate and not a market rate so the 1.02 value comes from Rings directly and not the market.
User.
The redemption is supposed to be adjusted down:
”Redemptions will be shortly resumed at the backing price of 0.9679 scUSD per 1 stkscUSD”
Reference: Trevee Earn
Bear in mind the feed is the wrapped version: WSTKSCUSD, no solely the staked version so these are 2 hops on the UI.
WSTKSCUSD is priced from here: https://sonicscan.org/token/0x9fb76f7ce5fceaa2c42887ff441d46095e494206#readContract#F5
And one thing important to note is that it has not been adjusted down yet.
