How @ventuals_ oracle pricing works for its Pre-IPO perps: - Data Source: Nasdaq Private Markets (captures 60-70% of secondary market volume for large private stocks) - Price Formula: 50% offchain data (secondary transactions, fundraising rounds, 409A valuations) 50% 8hr moving average of perp price itself - Why the hybrid approach: Allows price discovery on perps while staying anchored to real private market data. FAQ: What happens if a company raises a new round and the the offchain oracle price has a large valuation jump? Ventuals prices will likely be leading rather than lagging as traders frontrun fundraising rumors. The 50/50 mix lets index price rise gradually as slower offchain data catches up.