What happens if an Oracle reports an inaccurate value for a price pair.

04 Dec 2023, 13:32
What happens if an Oracle reports an inaccurate value for a price pair? Yesterday, #Chainlink 's wstETH/ETH price feed on #Arbitrum reported an inaccurate value. This highlights the importance of redundancy when it comes to price feeds. ๐Ÿงต

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04 Dec 2023, 13:32
3/ Redundancy is not just a technical feature; it's a safeguard that protects users and maintains the integrity of the ecosystem. Remember, it's not just about weathering the storm but ensuring you come out stronger on the other side ๐ŸŒฆโ˜‚๏ธ๐Ÿ˜‰.
3/ Redundancy is not just a technical feature.
3/ Redundancy is not just a technical feature; it's a safeguard that protects users and maintains the integrity of the ecosystem. Remember, it's not just about weathering the storm but ensuring you come out stronger on the other side ๐ŸŒฆโ˜‚๏ธ๐Ÿ˜‰.
04 Dec 2023, 13:32
-Security: It adds an extra layer of security against potential data manipulation or inaccuracies from a single source.
-Security: It adds an extra layer of security against potential data manipulation or inaccuracies from a single source.