The oracle problem and the future of DeFi

The oracle problem and the future of DeFi

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The oracle problem and the future of DeFi

BIS Bulletin | No 76 | 07 September 2023by Chanelle Duley, Leonardo Gambacorta, Rodney Garratt and Priscilla Koo WilkensPDF full text (1,193kb) | 9 pagesKey takeawaysCrypto-based decentralised finance (DeFi) uses "oracles" to import real-world data into blockchain environments for use in smart contracts.Whether oracles can truly adhere to the complete decentralisation ethos of crypto is…

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