3min chapter

The Defiant - DeFi Podcast cover image

Bitcoin NFTs (Ordinals) are going crazy, LST Summer, Moonbirds Drama

The Defiant - DeFi Podcast

CHAPTER

The Risk of Oracles in DeFi

I think we're developing more interesting solutions that don't require custodial bridges. So it's the same asset that's moved to the chain. That would kind of, that's a step forward, at least. With multi chain, I mean, we can see what happened with Solana when FTX collapsed. The collateral was gone. The tokens de-pagged and the entire DeFi ecosystem on Solana collapsed. If you don't have accurate price for Bitcoin, ETH or, you know, Sol, what do you do? Right? Like all your lending protocols would be left with bad debt if they didn't have good pricing oracles.

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