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Flare and DeFi - the significance of the FTSO system


PunishmentOfLuxury

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IS FLARE A SOLUTION FOR ORACLE?

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In this article, I will attempt to discuss the current problems faced by the world of decentralized finance and how the Flare network can help solve them. I will also focus on explaining the basics of Oracle systems and discuss their weaknesses. Additionally, I will provide an overview of the functioning principles of the FTSO system in the Flare network.

Author: Andrzej Mackowiak

 

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