Stocks

Stocks are currently only available on Base Sepolia

How LeverageX Calculates Prices

LeverageX utilizes a combination between data from Pyth.network and the DeFiChain DEX to determine the price of all stocks pairs.

DeFiChain, a blockchain dedicated to decentralized financial services, provides a fast, secure, and transparent environment, making it ideal for connecting the old and new financial worlds through its innovative price determination methods.

Pyth.network is a decentralized oracle network that aggregates high-fidelity market data from over 70 leading financial institutions, including exchanges, market makers, and proprietary trading firms. By leveraging Pyth.network, LeverageX ensures accurate, real-time pricing, providing traders with a reliable and transparent trading experience.

Market Times

Stock markets operate on a fixed schedule and are closed on weekends and certain holidays. Below is the standard market opening and closing schedule (in ET - New York time):

Day of the week	Market Open / Close
Monday	Open from 9:30 AM to 4:00 PM
Tuesday	Open from 9:30 AM to 4:00 PM
Wednesday	Open from 9:30 AM to 4:00 PM
Thursday	Open from 9:30 AM to 4:00 PM
Friday	Open from 9:30 AM to 4:00 PM
Saturday	Closed all day
Sunday	Closed all day

Additionally, there are the following holidays where market are closed:

1. December 25th - 27th

2. January 1st - 2nd

During market close periods, LeverageX’s pricing is still active due to the continuous operation of the DeFiChain DEX. This allows for ongoing price movements even when traditional exchanges are not operating.

Calculation Formula

function calcMix(dexPrice: number, oraclePrice: number) { 
    const dexDelta = Math.abs(dexPrice - oraclePrice) / oraclePrice 
    const weight = dexDelta * 100 / 5; 
    return (oraclePrice * weight + dexPrice) / (weight + 1); 
}

Example

Based on xMSTR (MicroStrategy Inc. - Class A)

Why is There an 'x' Upfront Each Stock?

LeverageX utilizes a unique price determination method. To differentiate these decentralized price feeds from traditional stock market listings, a special naming convention is used. Instead of the conventional stock ticker (e.g., MSTR for MicroStrategy Inc. - Class A), LeverageX uses a prefix “x” to represent the dezentralized nature of the pricing (e.g., xMSTR).

This naming highlights that the price reflects data aggregated from a combination of real-world and dezentralized sources, providing continuous trading even when traditional markets are closed.