Friends, this is something you really need to understand: oracles!
Smart contracts can’t directly read off-chain data, such as asset prices or weather information. Oracles are needed to bring that data on-chain.
Using the spot price from a single DEX pool as a price feed is risky: when a pool is shallow, a single flash-loan transaction can skew the price.
$LINK is the token of the oracle network Chainlink. Currently 12.644.
Save this and take a closer look later 👇
#LINK
Smart contracts can’t directly read off-chain data, such as asset prices or weather information. Oracles are needed to bring that data on-chain.
Using the spot price from a single DEX pool as a price feed is risky: when a pool is shallow, a single flash-loan transaction can skew the price.
$LINK is the token of the oracle network Chainlink. Currently 12.644.
Save this and take a closer look later 👇
#LINK