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30 November 2020

After $6 Million Hack, Value DeFi Turns to Chainlink for Help - Decrypt

After $6 Million Hack, Value DeFi Turns to Chainlink for Help - Decrypt


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“After many focused discussions and weighing the different options, we foundChainlinkto be the best oracle solution that provides a sufficiently robust and tamper-resistant price oracle solution capable of mitigating flash loan attacks,” said Value DeFi in its blog post.

(In DeFi, smart contracts are the pieces of code that let different protocols speak to one another in a trustless manner

Nazarov said that oracle attacks will “only increase as the value in DeFi continues to rise.” 

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