May 26, 2022

As the collapse of Terra’s ecosystem poses contagion risks across DeFi land, “Proof of Decentralization” Podcast Host Chris Blec unpacks the vulnerabilities and potential consequences of Chainlink oracles relying on multisig and how it could bring down all of DeFi.

Video transcript

As the collapse of Terra’s ecosystem poses contagion risks across DeFi land, “Proof of Decentralization” Podcast Host Chris Blec unpacks the vulnerabilities and potential consequences of Chainlink oracles relying on multisig and how it could bring down all of DeFi. “This is an intentional point of control that the Chainlink team chose to keep in the protocol,” Blec said.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to coindesk.consensus.com to register and buy your pass now.