A Chainlink oracle glitch describes an unexpected malfunction or error in the data feed provided by a Chainlink oracle network. Oracles are external services that supply real-world data to smart contracts on blockchains. A glitch could result in inaccurate or delayed data being relayed, potentially leading to incorrect execution of smart contracts relying on that information. Such an event can cause significant financial disruption within decentralized applications.
Context
Chainlink oracle glitches are critical news items within the decentralized finance (DeFi) space, as they can directly impact the reliability and security of protocols dependent on external data. Reports often detail the specific cause of the malfunction, the affected DeFi applications, and the measures taken to rectify the issue. These events underscore the importance of robust oracle infrastructure and redundant data sources for maintaining the integrity of blockchain ecosystems.
External oracle volatility introduced a critical state-manipulation vector, allowing an attacker to leverage mispriced collateral for recursive asset drain.
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