Chainlink's Sergey Nazarov on What DeFi Can Learn From Early Exchange Hacks

<p><span style="font-weight: 400;">The DeFi world continues to dissect the recent attacks on bZx. To most, the amount lost in the attacks is far less relevant than what the attacks suggest about how DeFi applications need to be designed. </span></p> <p><span style="font-weight: 400;">Within that, one key topic of conversation is the role of price oracles - the systems by which DeFi applications check the prices of assets that dictate what happens in a given smart contract. Since asset price manipulation was at the core of the recent attacks, this is a particularly pertinent area of inquiry. </span></p> <p><span style="font-weight: 400;">Yesterday, Chainlink</span> <a href= "https://twitter.com/SergeyNazarov/status/1229858740989394944"><span style="font-weight: 400;"> announced</span></a> <span style="font-weight: 400;">that it would be helping bZx upgrade their systems taking advantage of Chainlink’s recently-launched</span> <a href= "https://blog.chain.link/introducing-chainlinks-meta-oracle-capabilities-for-defi/"> <span style="font-weight: 400;">“meta oracle.”</span></a> <span style="font-weight: 400;">On this episode of The Breakdown, Chainlink founder Sergey Nazarov discusses:</span></p> <ul> <li><span style="font-weight: 400;">The role of price oracles in DeFi</span></li> <li><span style="font-weight: 400;">How price oracles were targeted in the recent attacks</span></li> <li><span style="font-weight: 400;">What the DeFi industry can learn from early crypto exchange hacks</span></li> </ul>