📍 The Ardana Protocol's Price & Emergency Oracles: What You Need to Know 💪
ℹ️ To be alerted when a liquidation ratio is breached, the Ardana Stablecoin Protocol requires constant real-time collateral asset price information. 🤩
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bit.ly/3ys4pS6🏝 To protect the protocol from price oracles being compromised, we've employed a proxy oracle known as the Oracle Gate Module (OGM) as an intermediary. The OGM serves as a layer of defense between the oracles and the protocol by delaying the price feed by one hour.
🌐 The OGM serves as a layer of defense between the oracles and the protocol by delaying the price feed by one hour. This delay allows Emergency Oracles or an Ardana governance vote to individually freeze compromised oracles.
✨ WIthout this protection measure, collateral could be manipulated, for example withdrawn from a vault under false pretences. The operations of Emergency Oracles and price delays by the OGM are also managed by Ardana governance.