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oracles

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Oracle Pyth Goes Haywire on Solana with Bad Prices

DeFi News, Dive / By / September 28, 2021 / , , , , , , ,

The Pyth Network malfunctioned on Sep. 20 as the data provider reported a Bitcoin price of $5,402 on a day when other sources like CoinGecko didn’t report a BTC price below $40K. That wasn’t the only snafu. Pyth’s price feed for the stock of movie theater chain, AMC, showed a spike to $772 on Sep. …

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Solana Attracts Oracles as Momentum Builds for Next Phase of DeFi

DeFi News, Dive / By / September 15, 2021 / , , , , , , , ,

Blockchains really only know themselves. That’s what blockchains are good at: knowing the current state of assets held by all the blockhain’s users with confidence grounded in cryptographic verifiability. “[Blockchains] don’t have the ability to speak to the outside world, so they aren’t able to incorporate that into their logic and their contracts,” Kanav Kariya, …

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