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## 🍋 oracles
## oracles
<br>
### tl;dr
* price oracles are any defi tool showing an asset's price.
* oracles should provide a trustless way of getting extrinsic (off-chain) information, and some key functions such as: collect data from an off-chain source, transfer the data on-chain with a signed message, and make the data available by putting it in a smart contract’s storage.
<br>
* price oracles are any defi tool showing an asset's price. they can either on or off chain.
* oracles should provide a trustless way of getting extrinsic (off-chain) information, and some key functions such as: collecting data from an off-chain source, transfering the data on-chain with a signed message, and making the data available by putting it in a smart contract’s storage.
* oracle exploitation can generate profit opportunities (e.g., through arbitrage or liquidation)
<br>