How does a lending protocol determine the value of your collateral?
Prices are generally updated on-chain when they move beyond a set threshold or at fixed heartbeat intervals.
When using DeFi products, pay attention to which price feed mechanism the protocol uses. The more limited the price sources, the greater the risk.
$LINK is the token of the decentralized oracle Chainlink.
Did you know this already?
#LINK
Prices are generally updated on-chain when they move beyond a set threshold or at fixed heartbeat intervals.
When using DeFi products, pay attention to which price feed mechanism the protocol uses. The more limited the price sources, the greater the risk.
$LINK is the token of the decentralized oracle Chainlink.
Did you know this already?
#LINK