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Analysis: MakerDAO employs an Oracle Security Module, causing the actual liquidation price to lag behind the market price

2 days ago

March 30th. According to @ai_9684xtpa, on the recent trading platform, the ETH price dropped to a minimum of $1786. Nevertheless, even when the position of the MakerDAO whale fell below the liquidation price, it was not liquidated. This is due to the fact that MakerDAO employs an Oracle Security Module (OSM). As a result, even if the market price drops below these liquidation points, the actual system price is still updated with a certain delay. The system collects data from multiple authorized price feeders. It then calculates the median as the reference price through the Medianizer contract and applies it with approximately a 1-hour delay to prevent short-term fluctuations from being exploited. For instance, the current system price of MakerDAO is $1831.25, while the market price of Ethereum is $1806.89.
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