Single-pool oracle (no medianization)

Evidence summary #

Each Pendle market has its own isolated AMM TWAP accumulator — single-source, no cross-venue medianization. This is architecturally inherent to yield-tokenization design. Each market's TWAP is isolated to that market's liquidity depth. Chainlink and RedStone feeds use multi-source aggregation but these are the SY rate feeds, not the PT pricing oracle.

Sources #

Methodology #

Determine whether the oracle reads from a single DEX venue with no medianization across multiple pools or venues.

See the full factor methodology and distribution across all protocols →