Someone asked me what can happen if a oracle price feed is a few seconds slow... To put it simply, when your position is large and your leverage is tight, those few seconds can be a matter of life or death. The on-chain price jumps first, but the oracle hasn't updated yet, and you think you're still safe, when in fact the liquidation line is already on its way; or conversely, the oracle reports an "old price" first, immediately putting you in the danger zone, and by the time you react to add margin, the network has already queued and confirmed the transaction, with slippage and congestion stacking up, making it quite powerless.



Recently, everyone has been talking about testnet points and whether mainnet will issue tokens. I see the more heated the group gets, the more it feels like a whirlpool... In such times, I tend to lower my position size, preferring to earn less rather than risking my life on the combo of "price feed delay + network lag." Anyway, my current approach is: don’t sleep close to the liquidation line, and don’t open the largest position when the news is loudest. That’s all for now.
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned