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studydefi / money256

Entry to hackmoney
MIT License
10 stars 4 forks source link

Data pipeline? #6

Open PatrickAlphaC opened 4 years ago

PatrickAlphaC commented 4 years ago

Hey studydefi, I came by your project and wanted to see if I could give you a hand. It appears that you may need a decentralized way to get price data for your CFDs if I'm not mistaken. Let me know if I can lend a hand, I work with the chainlink team and can get you a decentralized oracle so you don't have to sweat building a pipeline yourself, or accidentally make a centralized one.

In any case, let me know!

kendricktan commented 4 years ago

Hi @PatrickAlphaVantage thanks for the offer!

We're currently using UMA's DVM to create a PricelessCFD - One that tries to optimistically avoid Oracle usage unless a dispute happens. Which unfortunately is incompatible with Chainlink's Oracles design.

Appreciate the thought!

PatrickAlphaC commented 4 years ago

Ah ok cool! I'm a bit new to UMA. It looks like it does use a voting oracle in the case of a liquidation dispute, where voters input what the liquidation is. Otherwise, the liquidation comes from properly collateralized positions.

Do I have that right? Also, good luck with the hackathon! Looks like a cool project.