Oracles Integration
Oracles serve the interests of the borrowers. If collateral value is sinking below the pre-defined liquidation threshold, then oracle allows the liquidation engine to withdraw the collateral assets.
SmartCredit.io integrates Uniswap V2 Oracle.
Oracles are used in case of loan liquidations—if the LTV (the loan value to collateral) sinks below a predefined threshold (see in "Collaterals section"), then oracles allow the liquidator to access the collateral assets. If the LTV is above a predefined threshold, then the oracles do not allow the liquidator to access the assets. So, oracles are the gatekeepers that protect the client’s assets.
Tutorial videos:
Video "SmartCredit.io intro"
Video "How to borrow?"
Video "How to earn 30% + with lending?"
Video "How to earn with staking?"
Further info
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