In a Crypto Options Contract, What Specific Data Would an Oracle Typically Provide?
An oracle primarily provides the underlying asset's real-time or near real-time price feed. For a Bitcoin call option, the oracle feeds the BTC/USD price to the contract.
This price is crucial for determining the option's intrinsic value, calculating margin requirements, and executing settlement at expiry. It ensures the contract settles based on verifiable, current market conditions.