How does a DeFi protocol know when the value of your collateral has dropped?
Price updates are generally triggered when the price moves by a set threshold or at fixed intervals.
When using a DeFi protocol, check what price feed solution it uses. The fewer its price sources, the greater the risk.
$LINK is the token of the Chainlink oracle network. It's currently at 12.875.
If you get it, leave a comment. If not, ask away in the comments.
#LINK
DYOR. Trade responsibly.
Price updates are generally triggered when the price moves by a set threshold or at fixed intervals.
When using a DeFi protocol, check what price feed solution it uses. The fewer its price sources, the greater the risk.
$LINK is the token of the Chainlink oracle network. It's currently at 12.875.
If you get it, leave a comment. If not, ask away in the comments.
#LINK
DYOR. Trade responsibly.