Steadefi

Summary

In the event that Chainlink experiences a failure or becomes a target of attack, and it's unable to provide price feeds, the protocol will be left without a reliable source of price data.

Vulnerability Details

As shown in the code below, the issue is that the protocol relies solely on a single source, Chainlink, for price information. In the event that Chainlink experiences a failure or becomes a target of attack, and it's unable to provide price feeds, the protocol will be left without a reliable source of price data. This can lead to a situation where the protocol cannot function as intended.

To address this issue, it's advisable to incorporate a dual or multiple oracle approach. This involves using more than one oracle provider to fetch and validate price information. By cross-referencing price data from different sources, the protocol can enhance its reliability and resilience to potential failures or malicious attacks on a single oracle provider.

Impact

This can lead to a situation where the protocol cannot function as intended

Tools Used

Vscode

Recommendations

Implementing a dual oracle system can help ensure that the protocol continues to operate effectively even when one data source becomes unreliable.