I've seen the most skilled traders study the market thoroughly on a certain DEX, only to be caught by bad data with a 3-second delay. He kept staring at the liquidation records and kept saying, "I've studied everything, but I just can't figure out how that life-threatening number was generated."



People in the crypto world are willing to spend money on everything—chasing speed, chasing returns, chasing new concepts. But there’s one thing very few are willing to pay for: trust. To be precise, trust in the authenticity of data.

Imagine this scenario: your collateral might be liquidated due to a price fluctuation from an unknown source that cannot be held accountable. At that moment, you realize that in the blockchain world, the most expensive cost isn’t gas fees. It’s this "unclear cost."

Now, some protocols are beginning to face this problem, trying to put a clear price on this invisible cost and find ways to reduce it.

**Where does the root of the problem lie?**

We have to admit a harsh fact: today’s DeFi ecosystem is actually built on quicksand.

Smart contracts themselves are solid and transparent rules. But what about the data foundation? It’s a chaotic mess. Most oracles do nothing more than simple data transfer—moving numbers from place A to place B. They neither guarantee nor take responsibility for whether the data is true or fresh.

This creates a vicious cycle:

You deposit collateral based on the information "Token X = $3,200." Suddenly, a fringe exchange reports an absurdly low trade price, which the oracle picks up. The contract instantly determines "Token X = $2,800," and concludes your collateral is insufficient.

Before you can react, liquidation happens.

The issue of data authenticity has shifted from a "technical detail" to a "life-and-death" matter. That’s why more and more people are starting to pay attention to the data sources and verification mechanisms of oracles.
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rekt_but_resilientvip
· 01-08 06:40
A 3-second delay = losing everything, this is DeFi --- Oracles are really the black box of DeFi; no one can explain them clearly --- Damn, I just want to ask who will pay for these liquidations --- Basically, it's about transferring risk to retail investors; the contracts are innocent, and oracles are also innocent --- I trust that trader, but no matter how thoroughly they research, they can't prevent garbage data --- Gas fees are cheap but can still get you screwed; there are too many options --- Building on quicksand, it's only a matter of time --- One bearish candle on a marginal exchange, and I'm done? I'm stunned --- Someone should be responsible for data authenticity; right now, no one is taking the blame
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GamefiEscapeArtistvip
· 01-07 06:06
Damn, a 3-second delay can liquidate someone, this is DeFi Oracles are just black boxes, no one can explain How can we trust this system? It's ridiculous I've been ruined by the garbage prices from fringe exchanges, a painful lesson It would be great if someone was responsible for data quality, but now it's all passing the buck
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BakedCatFanboyvip
· 01-05 09:01
Really, oracles are a disaster; everyone who uses them knows.
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WalletsWatchervip
· 01-05 08:57
Oracles are really a big pit; a 3-second delay can wipe you out completely.
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MetaNomadvip
· 01-05 08:53
Damn, a 3-second delay can cause bankruptcy—that's the most outrageous thing about DeFi.
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ShibaSunglassesvip
· 01-05 08:52
Oh my goodness, oracles are just scams --- This is the biggest black hole in DeFi, worse than slippage --- So I never dared to heavily collateralize, not because I don't trust the contract, but because I don't trust that 3-second delay --- The data source is completely rotten, who would dare to entrust their life and assets to this thing --- Gone in 3 seconds, damn --- It seems I have to run my own node to monitor prices, or else I’ll be liquidated as soon as I wake up --- Who is controlling this behind the scenes of the oracle, no one can say for sure --- The problem isn't with the contract, it's with the data feeders; the conflict of interest is too outrageous --- Building on quicksand will eventually cause problems; someone should have regulated the oracle industry long ago
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BearMarketBuildervip
· 01-05 08:43
Damn, that's why I prefer to use expensive oracles even if I earn less. Cheap ones will eventually be deadly.
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