Oracles on Tezos

Sounds a bit like protocol design :slight_smile: . Some interesting roperties:

  • payable in xtz
  • decentralised: Maker model sounds clever. But how to know if the price feed is incorrect(compare deviation?)? And how to punish bad behaviour (slash stake?)?
  • should have some reputation mechanism or forbid anonymity: coinbase is far less likely to manipulate price than a long term good behaving anonymous quote supplier.

Many questions remain:

  • how to determine fee?
  • is quote an average of all feeds, or median, or…
  • should the quote also include a confidence level?
  • if confidence level is too low, should quote even be published?
  • …
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