DeFi protocols depend on a handful of oracle networks for critical pricing data, creating centralization risks that undermine decentralization promises.
Will Fey
The author is an independent contributor writing an opinion or expert take. Views expressed are the author’s own and may not reflect Cointelegraph’s editorial position. Will Fey is a crypto trader and protocol designer active in the space since 2015. Will developed a strong foundation in trading and lending protocols, driven by academic research and theoretical exploration. In 2021, he conceptualized a novel protocol to give liquidity providers enhanced capital efficiency and utility. Following a mentorship under a prominent DeFi founder — now his lead investor — Will began building the project in 2022 and closed a pre-seed round later that year. Passionate about the intersection of mathematics and finance, Will continues to explore how abstract theory can create real-world influence in decentralized systems.
- Opinion
The oracle problem is political