Let's start with a thought experiment. What is the "oracle" in your mind? It's just fetching some data from the outside world to feed into the blockchain, right? That's too superficial.
The blockchain is like a perfect ledger isolated from the outside world—its accounts are clear and orderly, but the problem is, it’s blind. It can keep track of its own records perfectly, but it has no idea what’s happening in reality. Oil prices go up, Trump gets elected, your house burns down—these events, the on-chain world knows nothing about.
At this point, someone needs to whisper in its ear: "This is what’s happening outside right now."
Sounds simple? The reality is much harsher. What if this "messenger" lies? What if they are bought off?
The deepest fear of DeFi protocols comes from here. For example, if you collateralize 10 ETH to borrow money, the system must know the real-time price of ETH to calculate whether your collateralization ratio is safe. What if someone deliberately reports a false low price? Your position might be perfectly fine, but the system could forcibly liquidate it, and your funds could be drained by a bot in a second. This isn’t a bug—it's like someone welding a backdoor shut at the system’s front door.
What APRO and its team are doing is more than simple data relay. They aim to establish a mechanism that makes lies almost impossible to hide. This is the real contest—the battle for the on-chain world’s definition of "truth."
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
7
Repost
Share
Comment
0/400
MEVHunter
· 5h ago
the oracle problem is literally just centralized gatekeeping dressed up in fancy tech... chainlink thinking they own the truth is exactly why we need decentralized feeds. whole system collapses if one node gets compromised, that's not security that's theater
Reply0
PermabullPete
· 21h ago
Oh my god, oracles are the fifth column in the on-chain world. A single lie can wipe you out, and that's what makes them the most terrifying.
View OriginalReply0
FundingMartyr
· 21h ago
Damn, oracles are basically a trust game, feeling like getting cut off in a second.
View OriginalReply0
SoliditySlayer
· 21h ago
Wow, oracles are the "insiders" of blockchain, that's a brilliant analogy. Instant liquidation is really no joke.
View OriginalReply0
GasFeeNightmare
· 21h ago
Oracles, to put it simply, are a trust game. Whoever holds the pricing power is the boss.
View OriginalReply0
NFTragedy
· 21h ago
Wow, this is the core of oracles. It's not just about transferring data; it's a battle for the right to define the truth.
View OriginalReply0
VibesOverCharts
· 22h ago
The oracle problem is explained very thoroughly, but I think the real danger is not the lies themselves, but that no one can quickly detect the lies. DeFi is playing with fire.
Let's start with a thought experiment. What is the "oracle" in your mind? It's just fetching some data from the outside world to feed into the blockchain, right? That's too superficial.
The blockchain is like a perfect ledger isolated from the outside world—its accounts are clear and orderly, but the problem is, it’s blind. It can keep track of its own records perfectly, but it has no idea what’s happening in reality. Oil prices go up, Trump gets elected, your house burns down—these events, the on-chain world knows nothing about.
At this point, someone needs to whisper in its ear: "This is what’s happening outside right now."
Sounds simple? The reality is much harsher. What if this "messenger" lies? What if they are bought off?
The deepest fear of DeFi protocols comes from here. For example, if you collateralize 10 ETH to borrow money, the system must know the real-time price of ETH to calculate whether your collateralization ratio is safe. What if someone deliberately reports a false low price? Your position might be perfectly fine, but the system could forcibly liquidate it, and your funds could be drained by a bot in a second. This isn’t a bug—it's like someone welding a backdoor shut at the system’s front door.
What APRO and its team are doing is more than simple data relay. They aim to establish a mechanism that makes lies almost impossible to hide. This is the real contest—the battle for the on-chain world’s definition of "truth."