Episode 64: Makerdao (DAI) With Nik Kunkel MikoBits Blockchain NFT And DeFi Show podcast

Artwork

Trading Business MikoBits

Contenuto fornito da MikoBits. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da MikoBits o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

MikoBits Blockchain NFT and DeFi show « »
Episode 64: Makerdao (DAI) with Nik Kunkel

3y ago 50:30

Condividi

M4A•Pagina principale dell'episodio

Contenuto fornito da MikoBits. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da MikoBits o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

On Oracles, trust vs cost: lack of trust is expensive

What are Oracles? It's this mechanism for getting data from off of the blockchain onto the blockchain. And, you know, predominantly, those Oracle's are used for prices of things. And most of DeFi right now, right is utilizing credit to some extent, right. So you need to know the prices of things to know how much you should let someone borrow. You know, you need to know the prices of things to know when you need to liquidate right up position. So Oracle is really critical infrastructure to the functioning of DeFi. And so I think he kind of touched on one of the issues, which is, how do you, as a user, trust the data that the Oracle is showing. So that's one of the big problems. I think the other problem is cost. Right. So how expensive is it to run an Oracle? And I think you'll find that frequently, you end up having to make a trade-off there. Right, in terms of the security of the Oracle versus the price?

… continue reading

114 episodi

#Trading #Business #MikoBits

Artwork

Episode 64: Makerdao (DAI) with Nik Kunkel

MikoBits Blockchain NFT and DeFi show

published 3y ago

Condividi

M4A•Pagina principale dell'episodio

Contenuto fornito da MikoBits. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da MikoBits o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

On Oracles, trust vs cost: lack of trust is expensive

What are Oracles? It's this mechanism for getting data from off of the blockchain onto the blockchain. And, you know, predominantly, those Oracle's are used for prices of things. And most of DeFi right now, right is utilizing credit to some extent, right. So you need to know the prices of things to know how much you should let someone borrow. You know, you need to know the prices of things to know when you need to liquidate right up position. So Oracle is really critical infrastructure to the functioning of DeFi. And so I think he kind of touched on one of the issues, which is, how do you, as a user, trust the data that the Oracle is showing. So that's one of the big problems. I think the other problem is cost. Right. So how expensive is it to run an Oracle? And I think you'll find that frequently, you end up having to make a trade-off there. Right, in terms of the security of the Oracle versus the price?

… continue reading

114 episodi

#Trading #Business #MikoBits

Tutti gli episodi

×

Benvenuto su Player FM!

Player FM ricerca sul web podcast di alta qualità che tu possa goderti adesso. È la migliore app di podcast e funziona su Android, iPhone e web. Registrati per sincronizzare le iscrizioni su tutti i tuoi dispositivi.

Ascolta più di 500 argomenti

Ascolta questo spettacolo mentre esplori