Robert Schmitt@robdogeth · 2026/08/26政策影响@SteakhouseFi Agree!
On the oracle config - a simple solution to make price manipulation much more expensive would be to add a check on the secondary market price of the underlying.
If not impaired: Use time-decay.
If impaired: Use PT TWAP
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Robert Schmitt@robdogeth · 2026/08/25赛道影响@EthanDeFi_ That's fair, it was certainly not an intended outcome though with these types of actors their lawyers would never allow them to say that...
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Robert Schmitt@robdogeth · 2026/08/25赛道影响@LlamaRisk That would indeed have solved this issue but it also shuffles the risk to lenders. What happens if there is real impairment of the underlying? This was the primary motivation for the TWAP quoted in USDC - to protect lenders.
https://t.co/mUp59GKRDe
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Robert Schmitt@robdogeth · 2026/08/25观点输出@BaptisteCota Thx!
Indeed, perhaps the average CT is on the other side of that trade
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Robert Schmitt@robdogeth · 2026/08/25赛道影响@riksucks But if you just use linear discount it's effectively hardcoded in the case of underlying impairment
Wrote a longer analysis on this here
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Robert Schmitt@robdogeth · 2026/08/25观点输出@vmihov Ty ser
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Robert Schmitt@robdogeth · 2026/08/25观点输出@MarcinRedStone Would be interesting to run the calculation on how large of an arbitrage there is to price-manipulate those other lending markets?
Fundamentally the oracle design needs to change, wrote more on this here curious what you think?
https://t.co/mUp59GKRDe
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Robert Schmitt@robdogeth · 2026/08/25赛道影响Yes but it's effectively hardcoding the value of the SY which transfers risk from borrowers to lenders.
I think there is a better design than what was used here but I would argue hardcoding it to a time-decay function without any way of pricing impairment of the SY is arguably a worse design
https://t.co/n84wLCzr4z
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Robert Schmitt@robdogeth · 2026/08/25赛道影响@0scaronchain My estimate was the realized gain was about 3x that, but good analysis. Wrote further detailed analysis on this here:
https://t.co/mUp59GKRDe
AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。
Robert Schmitt@robdogeth · 2026/08/25赛道影响@0xGeeGee 100% - we could do a much better job at explaining the risk factors for both borrowers and lenders
Wrote a longer analysis on this here:
https://t.co/mUp59GKRDe
AI：偏主题投资表达，释放对基础设施与新叙事的偏多信号。
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