
Zach Rynes | CLG|Mar 26, 2025 17:30
A perps protocol manually overriding their own oracle pricing…
Challenging situation but this sets a pretty bad precedent regarding their oracle’s neutrality
Price oracles are meant to report the market-wide pricing of assets, typically via a volume-weighted average, external providers ensure this neutrality
Manually editing your own oracle’s pricing because of poor protocol risk parameters / poor risk control / non-neutrality is a level of centralized control that I imagine most users didn’t realize existed
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