one overlooked oracle risk is who controls the price.
with a fixed-rate oracle, an issuer-controlled multisig can leave an asset priced at its old value even after losses occur.
that means DeFi protocols could allow users to borrow against collateral worth less than the oracle reports.
this is why DIA’s approach to transparent, independently verifiable data matters.
an oracle shouldn’t just report a price.
the price itself needs to be trustworthy.
with a fixed-rate oracle, an issuer-controlled multisig can leave an asset priced at its old value even after losses occur.
that means DeFi protocols could allow users to borrow against collateral worth less than the oracle reports.
this is why DIA’s approach to transparent, independently verifiable data matters.
an oracle shouldn’t just report a price.
the price itself needs to be trustworthy.