To ensure that loan pricing and collateral risk assessment are based on real-time, decentralized data sources, Danogo leverages two types of oracles:
Overnight Lending Rate Oracle → Used to calculate fixed-term lending rates.
Token Price Oracle → Used for collateral valuation.
Danogo’s multi-oracle architecture is a strong innovation in the Cardano DeFi ecosystem. Here’s what makes it stand out:
Danogo supports multiple oracle providers to eliminate single points of failure: ✅ Current Supported Oracles:
Orcfax
DJED
Liqwid
Indigo
Decentralized Exchanges (DEXs) → Minswap, Splash.
🔜 Upcoming Integrations:
Charli3
By aggregating data from multiple sources, Danogo prevents price manipulation risks that arise from relying on a single oracle.
Danogo includes a built-in defense mechanism against oracle manipulation:
If any single oracle’s price deviates by more than 5% from the average of all oracle feeds, all loan operations related to that price will be suspended.
This prevents flash loan attacks, price manipulation exploits, and inaccurate liquidations.
Danogo actively seeks to integrate new oracles to further enhance security and decentralization.
More oracle providers = higher resilience against data manipulation.
Integrating DEX price feeds improves real-time accuracy, as DEX prices reflect actual market trades.
Danogo’s commitment to multi-oracle security and decentralized price aggregation makes it the most robust and reliable lending protocol on Cardano.
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