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Fei · closed proposal

FIP-8 Use Chainlink Oracle

0x40B1…f8C2·ended 5y ago
Voters
125
FEI voted
25.26M
Token price

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Yes, use Chainlink25.26M (100.0%)
No, don't use Chainlink4.54K (0.0%)
25.26M FEI · 125 votersblock 12615079

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0 votes > 5% VP
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Full proposal

Original markdown · Fei

Forum Discussion

https://tribe.fei.money/t/chainlink-oracle-integration-discussion/3316

Basic Summary

Switch the primary ETH-USD oracle to Chainlink from the ETH-USDC TWAP currently used. This would enhance accuracy, reduce manipulation resistance and reduce reliance on USDC.

Motivation

Chainlink has a robust oracle network, which leverages data from both on- and off-chain sources. Many other Ethereum projects use and collectively support the Chainlink ETH/USD oracle, including Synthetix, Aave, Set Protocol, Loopring, and many more.

Because it uses a 50bps deviation threshold as trig…

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