๐ง๐ต๐ฒ ๐ ๐ผ๐๐ ๐๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐ ๐ก๐๐บ๐ฏ๐ฒ๐ฟ ๐๐ป ๐ ๐๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐๐ฝ๐ฝ ๐ ๐ฎ๐ ๐๐ผ๐บ๐ฒ ๐๐ฟ๐ผ๐บ ๐ข๐๐๐๐ถ๐ฑ๐ฒ ๐ง๐ต๐ฒ ๐๐ต๐ฎ๐ถ๐ป
A collateral ratio may look like a simple calculation, but its output depends on the values supplied to the calculation.
If the price of collateral changes, the protocol may need to reassess borrowing capacity and liquidation risk. The contract can perform that arithmetic, but it requires suitable price information first.
๐ช๐ต๐ฒ๐ฟ๐ฒ ๐ข๐ฟ๐ฎ๐ฐ๐น๐ฒ๐ ๐๐ถ๐
โค External market sources provide price observations.
โค An oracle service delivers the relevant data to the application.
โค The lending contract applies its collateral and risk parameters.
โค The protocol's resulting action depends on the data and those rules.
WINkLink price services can support this data dependency for TRON applications.
The lesson for developers is that financial safety cannot be reduced to checking whether a formula is correct. The inputs, update assumptions, and behavior during abnormal conditions also deserve scrutiny.
A correct calculation using an unsuitable input can still produce the wrong decision.
@Justin Sunๅญๅฎๆจ @WINkLink_Official
#WINkLink #TRONEcoStar
A collateral ratio may look like a simple calculation, but its output depends on the values supplied to the calculation.
If the price of collateral changes, the protocol may need to reassess borrowing capacity and liquidation risk. The contract can perform that arithmetic, but it requires suitable price information first.
๐ช๐ต๐ฒ๐ฟ๐ฒ ๐ข๐ฟ๐ฎ๐ฐ๐น๐ฒ๐ ๐๐ถ๐
โค External market sources provide price observations.
โค An oracle service delivers the relevant data to the application.
โค The lending contract applies its collateral and risk parameters.
โค The protocol's resulting action depends on the data and those rules.
WINkLink price services can support this data dependency for TRON applications.
The lesson for developers is that financial safety cannot be reduced to checking whether a formula is correct. The inputs, update assumptions, and behavior during abnormal conditions also deserve scrutiny.
A correct calculation using an unsuitable input can still produce the wrong decision.
@Justin Sunๅญๅฎๆจ @WINkLink_Official
#WINkLink #TRONEcoStar
