DeFi protocols depend on a handful of oracle networks for critical pricing data, creating centralization risks that undermine decentralization promises.
Opinion by: Will Fey, Co-Founder and Smart Contract Developer at Ammalgam
We talk about oracles like they’re plumbing: an invisible utility that keeps prices flowing into protocols. Oracles are not neutral infrastructure. They’re dependencies. Over time, they’ve become political ones.
DeFi is built on a promise: permissionless markets, composable systems and minimized trust.
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