The reliance of a smart contract or decentralized application on external data sources for real-time asset price information. This dependency is crucial for functions like liquidations, collateral valuation, and stablecoin peg maintenance. Accurate and reliable price feeds are essential for system integrity.
Context
Price feed dependency introduces significant risks if the external data sources are compromised or manipulated. Decentralized oracle networks are continually improving to provide robust, tamper-resistant price data, mitigating the risks associated with single points of failure.
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