A friend was liquidated during a prophecy wave in 2022. A price data delay of just 2 seconds hit his leveraged position, and the down payment for his ready house was gone. He asked me a heartbreaking question: "Isn't blockchain supposed to be open and transparent? How come even an accurate price can't be figured out?" At that moment, I truly couldn't answer.
It wasn't until I saw what a certain project was doing that I realized someone was seriously trying to solve this problem.
**The problem is actually deeply rooted**
The prosperity of DeFi is built on a fragile foundation—price data. Traditional oracles are like messengers, shouting prices from Exchange A to Chain B. Wrong transmission? Slow transmission? They don't care. But in crypto markets, a 2-second delay can be disastrous. When every second counts with real money at stake, this "irresponsibility" can destroy entire positions.
What should a true oracle do? Not just transport data, but also be responsible for its authenticity. That’s what a "translator between the real world and blockchain" should do.
**Some have chosen the hardest path**
In early 2023, a team started seriously working on this. They couldn't make the market understand immediately; at the time, the industry was busy hyping concepts and playing with leverage, and no one cared where the underlying data came from. But the architecture they sketched on the whiteboard already pointed to the answer:
Dual data mode: Price data needs real-time heartbeat, so one method is scheduled pushes to the contract; another is on-demand pulling. Combining push and pull methods provides different solutions for different scenarios.
It sounds simple, but achieving reliability and efficiency involves coding, testing, and countless refinements. The key is, it changes the game—data is no longer a black box transmission but traceable and verifiable.
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PerennialLeek
· 01-08 01:11
Bro, that 2-second delay is really a joke. I've been scammed too.
Let's talk about it. No one really takes the oracle problem seriously.
This architecture sounds reliable. The credibility finally makes sense.
Is someone really working hard to solve this? I believe it.
A 2-second delay and the down payment is gone. That’s really tragic.
Data is traceable and verifiable. This is how it should be.
It's just a messenger, always passing the buck when problems occur.
This kind of issue should have been tackled long ago, but it’s indeed difficult.
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ForumMiningMaster
· 01-07 16:34
This guy was wiped out in 2 seconds, truly incredible. I’ve been saying that the so-called "transparency" of blockchain is all talk.
Honestly, today’s oracles are just a megaphone; when problems occur, no one is responsible. The entire DeFi ecosystem is built on sand.
That dual data model sounds okay, it would be great if it could be traced and verified, but I’m worried it’s just more hype.
Your friend's house was really wiped out in 2 seconds.
Someone really needs to properly address this underlying data issue, or we’ll all be on edge.
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GhostAddressHunter
· 01-06 10:41
You can pay off your house deposit in just 2 seconds, which is why I don't leverage.
But speaking of it, someone really needs to solve the oracle issue properly, or else DeFi is just a Ponzi scheme.
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Dual data mode sounds good, but the real key is whether it can withstand the test of the market.
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Traceability and verifiability sound very advanced, but whether it can actually run smoothly is another story...
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That question from my friend was too direct; ultimately, transparency was still defeated by a 2-second delay.
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Finally, someone is taking this seriously, but these teams need to survive the bear market first.
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I get the idea of combining push and pull, but I don't know how they plan to solve the centralization risk.
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MidnightSnapHunter
· 01-06 07:11
Clearing a friend's down payment in 2 seconds, that must be so desperate... Speaking of oracles, this is indeed a pain point in DeFi. I don't want to hear those useless "we are solving it" excuses; only practical solutions that can be implemented matter.
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wagmi_eventually
· 01-05 01:52
Cutting a house down payment in 2 seconds—that's what Web3 looks like now.
Always talking about transparency and openness, but oracles are even less reliable than the stock market, unbelievable.
The dual data model sounds good, but it still depends on how it performs in practice.
There are too many projects like this, and in the end, they become the next cash grab.
Let's see how it works when actually used; anyway, I don't dare to play with leverage anymore.
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ser_we_are_ngmi
· 01-05 01:51
Clearing the house down payment in 2 seconds, how outrageous is that... To put it simply, an oracle is just an information intermediary, a middleman making a profit from the spread.
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RektRecorder
· 01-05 01:48
Going bankrupt in just 2 seconds, truly incredible
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GateUser-a180694b
· 01-05 01:47
2 seconds to lose everything, this is the reality of Web3, it hurts to hear.
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GateUser-a5fa8bd0
· 01-05 01:38
The idea of liquidating the house down payment in 2 seconds... makes my scalp tingle. To be honest, I should have pulled out of leverage at that moment.
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MEVHunter
· 01-05 01:28
A 2-second delay sniper—someone should have already exploited this MEV black hole. The push-pull approach sounds reliable, but on the actual chain, is there still room for gas fee optimization when running?
A friend was liquidated during a prophecy wave in 2022. A price data delay of just 2 seconds hit his leveraged position, and the down payment for his ready house was gone. He asked me a heartbreaking question: "Isn't blockchain supposed to be open and transparent? How come even an accurate price can't be figured out?" At that moment, I truly couldn't answer.
It wasn't until I saw what a certain project was doing that I realized someone was seriously trying to solve this problem.
**The problem is actually deeply rooted**
The prosperity of DeFi is built on a fragile foundation—price data. Traditional oracles are like messengers, shouting prices from Exchange A to Chain B. Wrong transmission? Slow transmission? They don't care. But in crypto markets, a 2-second delay can be disastrous. When every second counts with real money at stake, this "irresponsibility" can destroy entire positions.
What should a true oracle do? Not just transport data, but also be responsible for its authenticity. That’s what a "translator between the real world and blockchain" should do.
**Some have chosen the hardest path**
In early 2023, a team started seriously working on this. They couldn't make the market understand immediately; at the time, the industry was busy hyping concepts and playing with leverage, and no one cared where the underlying data came from. But the architecture they sketched on the whiteboard already pointed to the answer:
Dual data mode: Price data needs real-time heartbeat, so one method is scheduled pushes to the contract; another is on-demand pulling. Combining push and pull methods provides different solutions for different scenarios.
It sounds simple, but achieving reliability and efficiency involves coding, testing, and countless refinements. The key is, it changes the game—data is no longer a black box transmission but traceable and verifiable.