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gastón
@gaswann_
Why are these guys so intelectually dishonest? Nothing happened on $AAVE thanks to $LINK oracles! The evidence is in plain view.
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SBF
@SBF_FTX
10) So whatever oracle you use for DAI, $100m of buying or selling pressure well blow it out.
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SBF
@SBF_FTX
Replying to
@gaswann_
did you even fucking read my thread? "a) LINK is pretty good as far as DeFi oracles go right now" "Right now, frankly, something like 'median of CEX orderbooks' is probably the best oracle." I called LINK the best oracle! What more do you want?
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SBF
@SBF_FTX
Replying to
@gaswann_
That's because there *wasn't $100m of buying pressure. There was like $10m of buying pressure! Which was enough to blow out Coinbase, but not other exchanges. Coinbase is something like 30% of the CEX volume for DAI, so ~3x that ($30m or so) would prob blow out all CEXes.
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SBF
@SBF_FTX
Replying to
@SBF_FTX
And that in turn would have taken down almost any oracle. Unless you were using Uniswap! Which is... about as liquid as CEXes for DAI. And in fact blew out 10% during the liquidation. So $30m on Uniswap also would have blown it out. so $100m could have blown out everything.
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