Just stumbled across a liquidation screenshot, and it suddenly reminded me of the oracle thing: you think you’re still a little way off from getting liquidated, but if the price feed is delayed, the “price” you see on-chain is still stuck at what it was a few minutes ago—liquidation bots won’t show you any mercy… To put it bluntly, it’s not that the market is that much worse; it’s that what you’re looking at and what it’s using aren’t from the same table. Now there are all these testnet points/tokens, and everyone is guessing whether the mainnet will issue tokens—I’m getting itchy to jump in too, but then I think: if the chain gets congested and the price feed lags by half a beat, leverage can be pretty scary. Anyway, I’m more concerned now about the oracle’s update frequency and backup sources, so I’ll keep my position smaller and sleep easier.

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