What is a Blockchain Oracle? Those who enjoy Greek mythology should be familiar with “Oracle.” Just like the oracles mentioned in ancient texts acted as a bridge between divine wisdom and the real world, blockchain oracles bridge real-world data to blockchain networks. In other words, oracles are lines of code that allow on-chain and off-chain […]

Catenaa, Thursday, May 1, 2025-Ethereum-based lending platform Term Finance said it recovered $1 million of the $1.6 million lost Saturday after a misconfigured oracle triggered faulty liquidations in its Treehouse (tETH) market.  The incident initially resulted in the liquidation of 918 ETH, valued around $1.6 million. Through internal asset capture and negotiations, Term Finance retrieved […]

Blockchain oracles are essential for connecting Web3 with real-world data. Blockchains, by design, can only access on-chain data, limiting their functionality. To overcome this, decentralized oracle networks (DONs) fetch off-chain data and deliver it to smart contracts. Chainlink, the leading decentralized oracle network, offers Chainlink Functions. These allow smart contracts to access external APIs and […]