> For the complete documentation index, see [llms.txt](https://steakhouse.financial/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://steakhouse.financial/docs/risk-management/zh/collateral/layers-pillars-and-criteria/market-rating-layer-3/jia-ge-bo-dong.md).

# 价格波动

价格波动是 Steakhouse Financial 市场评级层四项标准之一。它衡量借贷市场中成对资产之间的汇率稳定性，包括波动性、相关性以及预期价格演变。

价格波动这一标准不同于价格波动率，因为它反映的是市场中两种资产之间的汇率。它不仅包括价格波动率，还包括货币市场中借出资产与抵押资产之间的相关性，以及它们预期的价格演变。对于稳定币来说，它描述的是其储备资产与代币所代表价值之间的相关性。

该 [LLTV](/docs/risk-management/zh/collateral/layers-pillars-and-criteria/market-rating-layer-3/lltv.md) 参数将在下一节中介绍，它可缓解价格波动风险并提升其评级。

{% hint style="info" %}
指标：

* 资产锚定或可互换
* 资产、储备资产或借出资产之间具有强相关性
* 由于汇率出现大幅波动（原生加密资产 vs 美元），经济风险损失具有相当大的概率
  {% endhint %}


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