How does a lending protocol know that the value of your collateral has fallen?
First, the definition: Chainlink aggregates quotes from multiple sources through multiple independent nodes, then writes them on-chain.
The principle: Using the real-time price from a single DEX pool as an oracle price is risky: when the pool is small, a single large trade can skew the price.
$LINK is the token of the oracle network Chainlink.
Only put in money that you can afford to lose.
#LINK
First, the definition: Chainlink aggregates quotes from multiple sources through multiple independent nodes, then writes them on-chain.
The principle: Using the real-time price from a single DEX pool as an oracle price is risky: when the pool is small, a single large trade can skew the price.
$LINK is the token of the oracle network Chainlink.
Only put in money that you can afford to lose.
#LINK
