$90 million in liquidations due to compound's retarded oracle design. When will they learn?
$90 million in liquidations due to compound's retarded oracle design. When will they learn?
Christian Martinez
Other urls found in this thread:
feeds.uniquote.finance
github.com
twitter.com
Hudson Jones
>use a single centralized oracle
>it fails
>hOw CouLd tHis HaPpen???
Anthony Young
Never forget
Juan Evans
Are they using stinky oracles?
Noah Peterson
If they were using Chainlink like we've been telling them to do, this wouldn't have happened. They have their own internal oracle design and the price of DAI on Coinbase spiked, causing the liquidations.
Coinbase strikes again I suppose.
Kayden Perez
the safest oracle solution is feeds.uniquote.finance
Chase Gray
Dafuq do you think?
Parker Kelly
Reminder that Leshner and his clique hate Sergey and Link.
Can't wait for Ari's favorite smart contracts.
Adrian Mitchell
Securing hundreds of millions with Coinbase and Uniswap as a backup... fuck around and get caught for 90M in false liquidations. Should of used Chainlink
Dylan Jenkins
I really have the impression that in crypto there are only mediocre programmers ...
Gabriel Morris
compounds oracle smart contracts are actually built better than chainlink in theory since it uses signed api data thats verified and aggregated onchain
problem is theyre only using 1 signed api (coinbase) for prices since theres no other signed apis out there lmao
also the main dev is a woman... figures
github.com
Parker Stewart
first off, assassination contracts are not happening
second ari is a fucking loser who's done nothing
third, link is a scam, stfu
Elijah Wright
>compounds oracle smart contracts are actually built better than chainlink
Stopped reading there
Lincoln Taylor
because youre low IQ :)
Nathaniel Evans
You got all three of those wrong and used reddit spacing to do it lmao
James Rivera
*you're
Owen Cooper
Yeah, just a 20% casual spread
Eli Kelly
Chainlink has several data providers as nodes signing data too. The problem is data providers are lazy and don't want to run additional infrastructure. By the time Compound convincing more data providers to run nodes (they won't and don't have good incentive structures or network effects), Chainlink will be light years ahead, which they already are now.
Xavier Stewart
what is that screen supposed to show?
that's the correct price
Michael Nguyen
chainlink has first movers advantage and can literally fund anything oracle related. they probably will in the future
but think about it...
21 nodes using the same 10 api sources vs just using the same 10 apis signed data to update the price feed onchain
L2 price feeds will be tokenless
Charles Bell
Dude just use a single feed lmao
Noah Cook
at least they know at what door to knock
lol
Levi White
what are you on user?
Aiden Moore
the oracle price is in eth because it's from link-eth pair
the dollar price is converted on the site for display it doesn't matter
Jose Wright
>it doesn't matter
Ian Ramirez
it literally doesn't, do you understand the difference between the oracle and what the site displays as a dollar value?
the oracle is in eth
Adam White
They are using data aggregators so those price sources themselves are already highly aggregated from across the market. Price feeds won't be tokenless on L2 either since you will have limited market coverage and weak incentives
Andrew Rogers
>it doesn't matter
so what's the point? anyhow, you must be right since you're still replying, that is wayyyyy better than link
Andrew Bennett
>also the main dev is a woman... figures
Wait, is this true?
Nolan Powell
will never forget about that guy on top right corner.
Christian Russell
>compounds oracle smart contracts are actually built better than chainlink
>proceeds to lose 90mil
Samuel Thomas
that guitar solo though
Liam Brooks
Threadly reminder