This quest explores the vulnerabilities inherent in oracles used by DeFi protocols, detailing common manipulation tactics and advanced countermeasures to protect against data spoofing.
Q1: What is the primary function of an oracle in a DeFi protocol?
A1: To provide real-world data to smart contracts
Q2: Which of the following is a common method of oracle manipulation?
A2: Data spoofing
Q3: How can decentralized oracle networks help mitigate manipulation risks?
A3: By reducing single points of failure and cross-verifying data
Q4: What is a key strategy for ensuring oracle data integrity?
A4: Incorporating fallback mechanisms that cross-check data from multiple sources
