Smart contracts can't see off-chain prices themselves, so how are those prices brought on-chain?
First, a definition: Sergey Nazarov is a co-founder of Chainlink. He founded the project together with Steve Ellis.
Why it matters: DeFi protocols such as lending and derivatives rely on reliable price data to calculate collateral ratios and liquidations. If price feeds are wrong, liquidations could happen when they shouldn't.
$LINK is the token of the Chainlink network, used to pay for oracle services. Current price: 12.947.
Only invest what you can afford, and leave yourself plenty of room to maneuver.
#LINK
Do your own research before placing an order.
First, a definition: Sergey Nazarov is a co-founder of Chainlink. He founded the project together with Steve Ellis.
Why it matters: DeFi protocols such as lending and derivatives rely on reliable price data to calculate collateral ratios and liquidations. If price feeds are wrong, liquidations could happen when they shouldn't.
$LINK is the token of the Chainlink network, used to pay for oracle services. Current price: 12.947.
Only invest what you can afford, and leave yourself plenty of room to maneuver.
#LINK
Do your own research before placing an order.