🔥 Technical principle insight: Oracle
Using a single DEX pool’s instantaneous price as an oracle price is relatively risky: when the pool is small, one large trade can distort the price.
When the market rises or falls sharply, the oracle price can briefly become out of sync with exchange quotes, so leave enough safety margin for lending positions.
$LINK is the token of the decentralized oracle Chainlink. It is currently 12.99.
If you have beginners among your friends, feel free to pass this along for them to take a look.
#LINK
This is not advice; decide your own buying and selling.
Using a single DEX pool’s instantaneous price as an oracle price is relatively risky: when the pool is small, one large trade can distort the price.
When the market rises or falls sharply, the oracle price can briefly become out of sync with exchange quotes, so leave enough safety margin for lending positions.
$LINK is the token of the decentralized oracle Chainlink. It is currently 12.99.
If you have beginners among your friends, feel free to pass this along for them to take a look.
#LINK
This is not advice; decide your own buying and selling.