Oracles is a useful tool that makes it easier to connect real-world information with blockchain activities. With oracles, users have countless ways to make blockchains useful in their day-to-day life

Oracles are important since they function as a bridge to pass data back and forth and without oracles, blockchains being closed systems cannot change and react to external events.

However, there's a problem that exist with oracles, and these problems have led to the loss of over $1bn in assets

Once an oracle is compromised, it results in the smart contract — depending on the oracle — to be compromised as well.

However, this problem is usually unique to centralised oracles and thus any compromise in data integrity to the oracle will result in a loss of privacy, security and fairness

Top tier defi protocols like have been victims to oracle exploits, and @modefi is offering unique solution to prevent subsequent exploits

Care to know how?

🔹What's @modefi

Modefi is an Oracle Solution Suite which aims to help Defi protocols reduce the potential of putting their users hard earned capital at risk due to unforeseen circumstances.

With a core mission to provide a truly decentralized, transparent, secure and precise oracle solutions for all off-chain data, on-chain, @modefi is building the foundation for real world adoption of Oracles and DeFi.

Features of Modefi

The unique solutions offered by modefi include:

- Decentralised Aggregate Oracle (DAO)

- On Demand Oracle

- Oracle Marketplace

A friend told me he lost 0.7E after buying a token on Zksync. Unfortunately for him, the CA was a honeypot and he suffered great loss

To avoid scams and rugs while investing, read on

NOTE: this isn't a promotion but what I use to stay safe

There are a couple of websites and Telegram bots that have unique features which spots rugs and scamnomics before they happen. Lets look at the one I use

I use a website and when I'm in a super aping mode, I use a TG bot known as QUICKI bot

lets see a bit about the bot

QUICKI Bot gives the standard Buy/Sell Tax, Honeypot check, LP Lock check, max transaction/wallet, renounced, creator, contract verified, supply, and market data information.

On the web, investors are able to view the above details with additional information such as previous tokens deployed, and hidden Contract functions

We arein the bear season and a lot of scams are being propagated, stay safe frens