Umbrella Network (@umbnetwork) 's Twitter Profile
Umbrella Network

@umbnetwork

Decentralized oracle and data layer offering scalable, customizable and high frequency data on-chain to satisfy your exotic needs.

link3.to/umbnetwork

ID: 1227309089321111552

linkhttps://umb.network calendar_today11-02-2020 19:13:09

2,2K Tweet

51,51K Followers

323 Following

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☂️ product update ☂️ we’ve enhanced our VWAP on Rootstock, making pricing: ✅ safer for lending markets ✅ stronger for derivatives pricing ✅ better for collateral valuation ✅ more efficient with less congestion and gas costs smarter oracle, stronger defi 🤝

☂️ product update ☂️

we’ve enhanced our VWAP on <a href="/rootstock_io/">Rootstock</a>, making pricing:

✅ safer for lending markets 
✅ stronger for derivatives pricing 
✅ better for collateral valuation 
✅ more efficient with less congestion and gas costs

smarter oracle, stronger defi 🤝
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Oracles are the key between blockchain and the real world, bringing data on-chain to power the smart contracts you interact with. ☂️ From DeFi to GameFi, oracles make real-time data accessible. Without them, these ecosystems wouldn't function as we know them.

Oracles are the key between blockchain and the real world, bringing data on-chain to power the smart contracts you interact with. ☂️

From DeFi to GameFi, oracles make real-time data accessible.

Without them, these ecosystems wouldn't function as we know them.
Umbrella Network (@umbnetwork) 's Twitter Profile Photo

☂️Not all oracles work the same way… There are two key models: 🫸Pull: Smart contracts request data on demand 🫷Push: Data is automatically updated on-chain at regular intervals Both are essential to keeping DeFi running without any hiccups One ecosystem can need both

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Faulty oracles can drain millions in seconds. Short trip down memory lane: Synthetix: In 2019, a single oracle misreported Korean Won prices 1000x, risking $1B. Compound: In 2020, a Coinbase oracle error mispriced DAI, triggering $89M in liquidations. Mirror Protocol: In