Curious if a flash crash similar to what happened on

Question

Curious if a flash crash similar to what happened on

binance btc the other day, would be picked up by a chainlink price oracle feed for protocols that monitor prices. does anyone know more about this in this chat?

#blockchain #cryptocurrency #english #link

0

25.10.2021

7 ответов

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Drake

Link price feeds use a weighting system from multiple exchanges/sources and would never report bullshit like that. Binance of course claim it was some algo issue, heh yeah I am sure it was a "mistake".

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25.10.2021

Bro Bros Автор вопроса

Drake
Link price feeds use a weighting system from multi...

would it be possible to view how link weighted the price at the time of the flash crash to see what the weight reported?

0

25.10.2021

Bro Bros Автор вопроса

Hugo ⬡
@whitedrake14 is the price feeds master in here

+

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25.10.2021

Drake

Bro Bros
would it be possible to view how link weighted the...

the contracts are public so you can view how they are calibrated afaik, I am too lazy to read them tho. But you can absolutely view the price LINK reported at the time of the crash. Binance isn't using link feed tho as they don't actually want reliability lol

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25.10.2021

Jack Mehoff

Drake
the contracts are public so you can view how they ...

I thought it was due to exchange liquidity issues

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25.10.2021

🐙🔗

Drake
the contracts are public so you can view how they ...

When ChainLink becomes the industry standard they'll cave in to stay relevant

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25.10.2021