Exclusive: MakerDAO's New Oracle System

DeFi’s Largest Project is Changing How it Calculates Prices MakerDAO is upgrading its oracles to have a faster, more decentralized system. The new oracle system will move price calculations off chain, so that it’s less affected by congestion in the network, Mariano Conti, head of oracles at MakerDAO, said in an interview Friday. This should make price feeds faster and cheaper, which will be especially important once Maker upgrades to accept many kinds of collateral. Currently, the 14 price feed providers are anonymous, but in the new system, new providers will join and be made public to increase trust.

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