Can DeFi oracles be better?

Quick Take

  • Currently, most DeFi protocols, as well as oracle providers, use a federated model for their oracles
  • Uniswap v2 introduced secure oracles only with on-chain prices yesterday
  • In Q2 2020, UMA will be launched with a new oracle design that uses voting and a variable-fee policy for protocol operation
As The Block Research explored in a recent report, both Maker and Compound have a common feature: data is collected from a third-party source and then sent to a smart contract. Given the significance of oracles for DeFi protocols, the third-party data feeds are chosen either directly by the protocol or through governance frameworks. This […]

Join The Block Research to
Unlock this Article

Questions?

If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

More