updown_settle

Public settle of an UPDOWN round once it has ended and a valid Chainlink price is available. Anyone can call.

Server Basis MCP Server launch-on-basis/mcp-ts
Category Read
Risk class Low
Parameters 00 required

What updown_settle does on Basis MCP Server

AI agents call updown_settle to retrieve information from Basis MCP Server without modifying anything — typically the context-gathering step in research, monitoring, and reporting workflows, before the agent takes action elsewhere.

Why updown_settle needs a policy

Even though updown_settle only reads data, uncontrolled read access leaks sensitive information and racks up API costs — an agent caught in a retry loop can make thousands of calls a minute without anyone noticing.

Questions about updown_settle

What does the updown_settle tool do? +

Public settle of an UPDOWN round once it has ended and a valid Chainlink price is available. Anyone can call. It is categorised as a Read tool in the Basis MCP Server MCP Server, which means it retrieves data without modifying state.

How do I enforce a policy on updown_settle? +

Register the Basis MCP Server MCP server in PolicyLayer and add a rule for updown_settle: allow, deny, rate-limit, or require approval. Point your MCP client at the PolicyLayer proxy URL and the rule is enforced on every call, before it reaches Basis MCP Server. Nothing to install.

What risk level is updown_settle? +

updown_settle is a Read tool with low risk. Read-only tools are generally safe to allow by default.

Can I rate-limit updown_settle? +

Yes. Add a rate_limit block to the updown_settle rule in your PolicyLayer policy. For example, setting max: 10 and window: 60 limits the tool to 10 calls per minute. Rate limits are tracked per agent session and reset automatically.

How do I block updown_settle completely? +

Set action: deny in the PolicyLayer policy for updown_settle. The AI agent will receive a policy violation error and cannot call the tool. You can also include a reason field to explain why the tool is blocked.

What MCP server provides updown_settle? +

updown_settle is provided by the Basis MCP Server MCP server (launch-on-basis/mcp-ts). PolicyLayer sits as a proxy in front of this server to enforce policies before tool calls reach the server.

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