🗒️ Today’s key takeaway: Oracles
Smart contracts can’t access off-chain data, such as token prices or weather, on their own. Oracles bring that data onto the blockchain.
When markets are highly volatile, oracle price feeds may briefly lag behind exchange prices, so leave extra buffer in your lending positions.
Don’t trade with borrowed money—having your mindset affected can lead you to make bad decisions.
$LINK is the token of the decentralized oracle Chainlink. Current price: 12.993.
#LINK
Personal notes; not financial advice.
Smart contracts can’t access off-chain data, such as token prices or weather, on their own. Oracles bring that data onto the blockchain.
When markets are highly volatile, oracle price feeds may briefly lag behind exchange prices, so leave extra buffer in your lending positions.
Don’t trade with borrowed money—having your mindset affected can lead you to make bad decisions.
$LINK is the token of the decentralized oracle Chainlink. Current price: 12.993.
#LINK
Personal notes; not financial advice.