FinTechIntro / FinTechIntro/2024-Spring-Final

Common oracle design and implementation

Open
#5 7 comments 0 reactions 3 assignees Claimed by @kcwang1226 View on GitHub
DeFi topics
Dominant language
No language data
Stars
0
Forks
0
PR merge metrics
No merged PRs in 30d

Description

## Summary
> Please give a short summary of this research topic.

Given that the blockchain operates within a closed environment, protocols requiring real-world data often rely on oracles as intermediaries. Oracles serve as the bridge between external data sources and smart contracts. What are the existing oracle design patterns, and how do they differ from one another?

## Description
> Please provide a detailed description to the topic.

Numerous protocols rely on oracles to calculate asset prices, commonly referred to as "price feed oracles." Two prevalent types are on-chain oracles, such as the TWAP oracle used in Uniswap V2, and off-chain oracles like Chainlink, which aggregate data from external sources and submit it to the blockchain. Delve into these oracle designs and their underlying rationale for a comprehensive understanding.

## Source
> Please provide related resource for the topics, including articles, research papers and more.

[A First Look into DeFi Oracles](https://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=9566195)

[Toward Trustworthy DeFi Oracles: Past, Present, and Future](https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=9785807)

## Others
> Please provide more information if there is any.

None

Contributor guide

No contributing guide indexed for this repository

Assessment

This issue has not been assessed yet.

Get new issues in your inbox

A short digest of beginner-friendly GitHub issues.