This UMIP is focused on updating the existing uGAS price identifiers to be used in the Long/Short Pair contracts and will reference a synthetic token to be created with this price identifier. This token will be referred to as ‘uGAS’ and will represent a weighted median gas price on Ethereum. The timeframe of this median value will depend on the value in the ancillary data field of the contract.
The DVM should support requests for a price that resolves to the median monthly Ethereum gas price as specified in the implementation section, without needing the additional logic of previous UMIPs that contain EMP-specific AMM TWAP liquidation procedures.