How does a DeFi protocol know when the value of your collateral has dropped?
If an oracle reports an incorrect price, protocols that rely on it may settle incorrectly. That’s why diverse data sources and decentralized nodes are so important.
I didn’t understand this before, and the price of learning that lesson could’ve paid for several hot pot meals.
Be extra cautious when you come across claims of high returns.
$LINK 11.497（+2.89%）
#LINK
If an oracle reports an incorrect price, protocols that rely on it may settle incorrectly. That’s why diverse data sources and decentralized nodes are so important.
I didn’t understand this before, and the price of learning that lesson could’ve paid for several hot pot meals.
Be extra cautious when you come across claims of high returns.
$LINK 11.497（+2.89%）
#LINK
