🗣️ Recently we announced our custom solution made for Primex Finance Let's take a closer look at we've designed for them 👇🏻 🔹 Primex's Initial Requirement: Primex had a unique need for a custom gas TWAP solution. They required specific parameters like a deviation threshold and heartbeat to make their Keeper reward mechanics function seamlessly. 💡 How It Works: Umbrella's solution involves a fully customized data collection and calculation process. Data is collected at sample blocks and at predefined intervals, with transactions organized based on their cost. ⚙️The lower and higher deciles are discarded and the remaining transactions are averaged. This process is repeated for every round, calculating the TWAP on the last 10 observations. If the threshold is reached or the heartbeat interval elapses, the on-chain price is updated. 🎉 We're absolutely thrilled about our partnership with Primex Finance ! With our tailored gas TWAP solution, Umbrella is empowering Primex to supercharge their trading operations and bring even more value to users. 🥳 The best part? This solution will be integrated on both Polygon (Labs) and Arbitrum! Stay tuned for more updates as we continue to innovate and create tailored solutions for our partners ☂️