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This actually surprising and doesn't make a lot of sense to me. If the oracle is just an AMM, then presumably one could get the oracle to register a nonzero val
by fogof 5y ago
This actually surprising and doesn't make a lot of sense to me. If the oracle is just an AMM, then presumably one could get the oracle to register a nonzero value by just putting a small amount of money in the contract. As long as there aren't an infinite amount of TITAN tokens (are there?), even if all of the TITAN in existence were put into this AMM, there would still be a little money left to give TITAN a positive price and fix the issue.
- ikeboy 5y agoThe oracle calculated the price to a certain precision, so it rounded down to 0.
- RhodoGSA 5y agoThere's a bit more to what happened than the article lets on. The contract mints to provide liquidity (supposedly). There was 1.8m tokens at the time of the crash, now theres 26Trillion. you would need all the capital in the world to get it to .1 now.