TechFlow news: In a proposal submitted by Michael Egorov to the Curve DAO, he suggests removing reliance on Chainlink as a data source in the crvUSD stablecoin's price oracle contracts.
The proposal notes that all current price oracles for crvUSD have a +/- 1.5% "safety limit" from Chainlink. This means that if the Chainlink price deviates significantly from the internal predicted price, the oracle is forced to use Chainlink's data. During periods of high market volatility, this dependency could lead to unnecessary losses. Even when market fluctuations are substantial, using Chainlink-restricted oracles may still result in inaccuracies.
To avoid this issue, the proposal recommends disabling reliance on Chainlink in all price oracle contracts except for the legacy frxeth contract. The specific method involves calling the set_use_chainlink(False) function within the ControllerFactory contract.
