> For the complete documentation index, see [llms.txt](https://docs.uniocean.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.uniocean.io/forecast-platform/settlement/oracle-price.md).

# Oracle Price

The settlement price comes from **Pyth Network**, an independent decentralized oracle network.

## How the Oracle Price Is Fetched

When a market reaches its close time, the settlement system fetches a **Verifiable Attestation (VAA)** from Pyth. This is a cryptographically signed price attestation that proves:

* The exact price at the settlement timestamp
* The source data aggregation
* The timestamp when the price was recorded

A configurable scan window (typically 10 seconds) around the market close time is used to find the closest valid price attestation, ensuring robustness even if there is minor network delay.

## Price Aggregation

Pyth aggregates price data from 15+ major exchanges and institutional trading firms, including:

* Binance
* Coinbase
* Kraken
* Jump Trading
* And other major market makers

This multi-source aggregation means no single exchange can significantly influence the settlement price.

## Independence

The platform does not control or influence the settlement price. The oracle operates independently and its prices are verifiable by anyone using the Pyth explorer.

## Price Precision

Prices are resolved with up to 8 decimal places of precision. For most assets, 2 decimal places are used for ranking (e.g., $96,342.12), but the system supports higher precision for assets that require it (e.g., forex pairs).

## Failure Handling

If oracle data is unavailable and settlement cannot proceed reliably:

* The market is cancelled
* All participants receive full refunds

This protects users from unfair outcomes due to oracle outages or data quality issues.

***

## Related Pages

* [Settlement Process](/forecast-platform/settlement/settlement-process.md)
* [Pyth Oracle](/forecast-platform/transparency/pyth-oracle.md)
* [Rankings](/forecast-platform/markets/leaderboard.md)