Coinbase Announces DeFi Price Oracle
With DeFi nearing $1B in value locked for the second time this year, the reliance on secure price oracles continues to grow rapidly.
Oracles act as a vital backbone for DeFi as it allows protocols to function properly by being able to reference asset prices in real-time. This is massively important for sectors like lending and derivatives among others. Using Maker as an example, the protocol relies on a price oracle for querying collateralization ratios on all Vaults to ensure fair liquidations…. … More
