Let’s talk about the two oracle models.
Chainlink Data Feeds are a prime example of the push model: a group of independent nodes aggregates price quotes and writes them on-chain.
To be honest, I only understood this later: when choosing a DeFi protocol, check which type of oracle it uses. The more concentrated the price data sources are, the greater the risk.
$PYTH and $LINK are the tokens of the oracle networks Pyth and Chainlink, respectively.
Understanding how it works helps you make informed decisions; it’s not about predicting whether prices will rise or fall.
#PYTH
Chainlink Data Feeds are a prime example of the push model: a group of independent nodes aggregates price quotes and writes them on-chain.
To be honest, I only understood this later: when choosing a DeFi protocol, check which type of oracle it uses. The more concentrated the price data sources are, the greater the risk.
$PYTH and $LINK are the tokens of the oracle networks Pyth and Chainlink, respectively.
Understanding how it works helps you make informed decisions; it’s not about predicting whether prices will rise or fall.
#PYTH
