CryEagle

Fundamentally, a Blockchain is a closed system that is blind to the outside world. For DeFi to function, Blockchain needs a messenger to bring real world data onto the network. That messenger is called an Oracle.
🔸 Smart Contracts operate automatically based on logic: If A happens, do B.
The risk is fatal If a Hacker attacks the Price Feed and tricks the Smart Contract into believing Current ETH price is $0. Immediately, all users were liquidated, even though the real world price was still $3,000. This is an Oracle Manipulation Attack.
🔸 Oracle's solution does not pull from a single source of data. It's a decentralized network:
Oracle does not pull price from just one exchange. It pulls from dozens of sources.Oracle nodes compare these prices, remove outliers, and calculate the most reliable average price.Only this clean price is pushed onto the Blockchain for DeFi apps to use.
🔸 Critical Importance:
Lending needs Oracles to value collateral to decide when to liquidate.Derivatives needs Oracles to determine entry and exit prices for Traders.Stablecoins needs Oracles to ensure backing assets remain sufficient 1:1.
👉 If Chainlink stops working, all the protocols above would freeze or be exploited instantly.
🔹 In DeFi investing, don't just look at APY. Look at the Oracle source the project uses. If a project builds its own homemade Oracle or pulls price from a single DEX, it is sitting duck for Hackers.

Have you ever wondered who is feeding the price for your Long, Short positions? Is it a reputable decentralized network or a single, manipulatable server?
News is for reference, not investment advice. Please read carefully before making a decision.

History made! 🔥

Pre-Consensus is officially live on eCash $XEC Mainnet.

Avalanche Pre-Consensus went live at block 923347, unlocking sub-3-second finality and real-time settlement on a PoW chain for the first time ever. 🚀

Digital cash, delivered at the speed of information ⚡️

ℹ️ More info: https://e.cash/blog/preconsensus-launch