closedEnded 3 years ago · Snapshot (Offchain)
Changing the Oracle for WBTC
By 0x70FC...D2C6B6
Ooki, like many other protocols, uses the BTC/ETH chainlink price feed as the oracle for WBTC. At the time of implementation, this seemed to be a safe approach. However, this solution does not protect the protocol in the event of a Black Swan event such as a WBTC/BTC price depeg. While this event is highly unlikely, it can still be induced.
Therefore, this post suggests that Ooki replaces the oracle for WBTC with a Chainlink-compatible oracle. For this, Ooki should deploy a pull request which calculates the WBTC/ETH price by using the Chainlink price feeds for WBTC/BTC and BTC/ETH.
Pull request: https://github.com/OokiTrade/contractsV2/pull/295/files
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0Votes 3
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x02c6...050C6e | 80.139M | Yes |
 0xE9d5...A2D382 | 20M | Yes |
 0xe7ab...e05AA2 | 10,827 | Yes |
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Proposal Status
- Thu December 01 2022, 10:00 amVoting Period Starts
- Fri December 02 2022, 10:00 amEnd Voting Period
Current Results
1-Yes
100.15M