Your Liquidity. Our Risk Desk. Fees That Follow The Storm.

Every 30 seconds a Chainlink CRE workflow reads one-minute ETH candles from four exchanges and computes the 15-minute realized volatility, σ. Deribit's DVOL is logged alongside, for comparison; it does not enter σ.

A venue whose last candle is older than 120 s is dropped; with fewer than three, there is no report.

The workflow takes the median of each field with CRE's consensus API and writes one report to RiskDesk, which keeps the latest one for the hook.

Today it runs in CRE's simulator, on one node: our operator key sends each report through MockKeystoneForwarder, which checks no signature. It is written with CRE's consensus API for a DON, whose nodes would sign the report, but it has not run on one: DON deploy access, requested on 6 October, was not granted during the hackathon.

No function sets σ or the fee. In this build the owner key is also the simulation operator, so until it disables simulation and renounces ownership it can post reports itself (through the mock forwarder, or later through a forwarder it sets), inside the same bounds as any report: σ ×2 up or ×0.8 down per report, 10% to 1000% a year, a fee of 5 to 150 bp.

When prices move, the fastest traders, arbitrageurs racing to the pool's stale price, profit at the LPs' expense. clim makes that speed cost more in a storm and charges the market's usual fee when it is calm.

Nobody sends a transaction to change the fee. On every swap the PoolManager calls the hook, which reads the latest report and returns η · σ · √(Δt/2), between 5 and 150 bp.

The same fee in both directions, for any size. Try it: drag σ and read the fee.

▲ Degraded: the venues disagree by more than 25 bp, so the fee holds at 30 bp or more.

■ Blind: the desk is silent for 180 s, so the hook quotes at 30 bp or more until a fresh report lands.