/biz/ - Business & Finance

File: 690 KB, 958x742, ChainLink_Price_Analysis_5_May_2020__4_.png [View same] [iqdb] [saucenao] [google]

Anonymous Sun May 17 07:21:57 2020 No.19148940 [Reply] [Original]

https://www.trustnodes.com/2020/02/16/bzx-to-use-chainlink-after-flashloan-kyber-price-manipulation-of-tokenized-bitcoin

Good article on the problem of using a single oracle source.

bZx used to use bitcoin. Kyber used Uniswap as the source of its bitcoin price feeds. A trader shorted bitcoin on bZx, then sold it on Uniswap causing the price to tank. Kyber used the new lower price on Uniswap, relayed that to bZx which then paid out big time to the trader who managed to make $360k from bZx.

The solution? Chainlink

>>	Anonymous Sun May 17 07:24:25 2020 No.19148970 Hotel? Trivago >3.79$

>>	Anonymous Sun May 17 07:25:30 2020 No.19148979 File: 3.17 MB, 1392x1856, 1589250604077.png [View same] [iqdb] [saucenao] [google] > Asian fighting noises You cannot hope to defeat my oracles!

>>	Anonymous Sun May 17 07:26:51 2020 No.19148988 >>19148970 I don't understand. Is 3.79 supposed to be a bad thing?

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