Forex flash news trader joes
- 01.10.2019
- Moogusho
- Donmeh crypto jews
- 2
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ET by Quentin Fottrell There's a tax-planning strategy that doesn't have to be reserved just for rich households, experts say. Since the Avalanche blockchain ecosystem is still developing, it was difficult for the Trader Joe team to find a reliable oracle solution that could bring high-quality market data to its application.
Challenge Trader Joe Experiences Difficulties Accessing Reliable Market Data on Avalanche Banker Joe needed tamper-proof oracles to securely issue, close, and liquidate loans Creating its own oracles would be an extremely difficult and time-consuming task Many available oracle solutions are subject to single points of failure Accurate price data is a critical component of lending and borrowing protocols as it is used to open, settle, and liquidate loans.
Unreliable price data could lead to improperly calculated collateral ratios, leading in turn to significant user or protocol loss with no available recourse. To avoid this problem, the Trader Joe team considered developing its own oracle solution. However, this presented numerous challenges. Not only would Trader Joe need to divert developer resources to build the oracle network, but developers would also need to constantly maintain and upgrade the oracles to ensure they worked as intended.
As this was not a realistic solution, the Trader Joe team turned its focus to existing oracle solutions available on Avalanche. Take for example centralized oracle providers: An attacker simply needs to exploit a single data source, delivery mechanism, or network to manipulate the reported price. Meanwhile, other oracle solutions use free APIs that frequently go offline or use time-weighted average price TWAP methodologies that provide stale pricing during periods of extreme market volatility.
Rather than designing, building, and maintaining its own oracle solution, Trader Joe was able to quickly integrate Chainlink Price Feeds for hyper-reliable, decentralized market data. Chainlink Price Feeds feature best-in-class security guarantees as they are run by independent, security-reviewed node operators made up of leading DevOps teams, data providers such as Accuweather and the Associated Press , and enterprises including T-Systems , Swisscom , and LexisNexis.
Moreover, Chainlink Price Feeds source volume-weighted data from multiple premium aggregators for comprehensive market coverage during extreme market conditions.

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