Can DeFi oracles be better?
May 19, 2020, 6:30AM EDT · 9 min read
- 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 […]
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