Governance Board

The CONSTI Governance Board is a group of experts entrusted with the crucial responsibility of safeguarding the integrity of crypto price feeds, ensuring they stand as pillars of transparent and reliable pricing.

Responsibilities

The committee diligently oversees various aspects, including the production process as well as the methodologies of crypto price feeds. Among its responsibilities are the selection and evaluation of data sources, scrutiny of expert judgments, assessment of non-standard procedures, management of conflicts of interest, monitoring material changes, and addressing complaints or queries from external stakeholders regarding price feeds.

Data Sources

The input data sources for crypto price feeds encompass markets traded on both cryptocurrency exchanges (CEXs and DEXs). These markets are meticulously approved by the CONSTI Governance Board to serve as reliable pricing sources. The committee continually assesses and reevaluates the suitability of markets based on defined criteria to ensure data trustworthiness and transparency. Suggestions for market inclusion or exclusion can be proposed by CONSTI customers, partners, or Governance Board members, further enriching the diversity and reliability of our data sources.

Market Selection Process

The market selection process adheres to a systematic approach for evaluating potential cryptocurrency exchanges and currency pairs as input for calculating crypto price feeds. Criteria such as technological infrastructure, legal compliance, data availability, price quality, and trading volume are meticulously scrutinized. The CONSTI Governance Board ensures that the selected markets meet stringent standards, conducting regular reviews at the end of each month to adapt to evolving market dynamics.

Internal Audit

To ensure adherence to stated methodologies and compliance with policies, the CONSTI Governance Board appoints an independent internal auditor. This auditor conducts thorough reviews, providing an additional layer of assurance regarding the accuracy and reliability of crypto price feeds.

Conflicts of Interest

CONSTI upholds rigorous policies and procedures concerning conflicts of interest in the production of crypto price feeds. The committee periodically reviews and enforces these policies, addressing the identification, disclosure, and effective management of any potential conflicts.

Complaint Handling

Users are encouraged to send feedback about

• the crypto price feeds' manifest and methodologies and
• the performance of crypto price feeds

to CONSTI. The Governance Board ensures a transparent and thorough investigation of each feedback or complaint, reviewing all pertinent records and documents. Any changes resulting from the investigation, be it in the determination of crypto price data feeds, their calculation methodology, or policies, are publicly disclosed and explained to maintain transparency and trust within the CONSTI community.

Last update: 2024-01-14