How is the SPS Pirce Formed When Converting to DEC?
hive-13323·@dalz.shorts·
0.000 HBDHow is the SPS Pirce Formed When Converting to DEC?
I vagly remember this was discussed a while ago, but just cant remember the exact mechanics. So how is the SPS price formed for conversions? For the Hive users there this is the feed price for HIVE, that is 3.5 days historical average (median) taken from the top 20 witnesses that report the price in the period and act as price oracles. Who is reporting the SPS price? Are the new validators doing this? I mean there is an option to report the price as validator, but is this acctualy implemented in the SPS feed price for conversios? What is the time frame for the price? I think I have something like 24H, but cant rememeber it for sure.  The price for converesions it a tricky thing, and many migh remember there was even an abuse for the GLX and GLUSD tokens via short term price manipulation. I'm sure the Splinterlands team is well awere of this and has taken into account all the right moves, but if we clarify things a bit here, so I'm personaly more eductated and making the best out of these conversions.
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