@Pyth Network Story 3: The moment the barrier is triggered, no longer explained by words
The structured issuer "Weiling" fears the post-sale disputes caused by "false penetration". The new season's terms rewrite the trigger baseline to "Pyth quote and confidence interval", and promise to chain on the moment of trigger with "price proof + confidence level + replay link". Six minutes before the market closed on Friday, the target price touched the barrier, and the system determined it as "not triggered" based on the confidence band at that time; the next day's replay was consistent, and the account manager did not send a long email explanation for the first time.
The audit reply also changed format: the passing rate of trigger sample spot checks, boundary conditions corresponding to the confidence interval, and the timestamp of counterparty review, all sourced from the same evidence chain.
A more realistic change is in pricing: the team calibrates the trigger probability based on the "historical distribution of confidence bands", and the initial premium is no longer based on guesswork; the issuer and market maker quantify the "boundary risk" into a billable parameter.
A partner at Weiling said, "What we sell is not someone else's price, but treating the explainability of the trigger as part of the product". This statement pulled customer service out of the quagmire and also placed risk control and terms on the same table.
