Safeguarding the Truth of High-Value Price Oracle Task: A Dynamically Adjusted Truth Discovery Method

TL;DR

This paper proposes a dynamically adjusted truth discovery method to protect high-value price oracles in DeFi from attacks, significantly reducing data deviation and economic loss.

Contribution

It introduces a novel dynamic credibility assessment mechanism that considers task value and source contribution, enhancing truth accuracy under attack conditions.

Findings

Reduced data deviation by 65.8%

Lowered potential economic loss by 66.5%

Effective against high-value attacks in DeFi oracles

Abstract

In recent years, the Decentralized Finance (DeFi) market has witnessed numerous attacks on the price oracle, leading to substantial economic losses. Despite the advent of truth discovery methods opening up new avenues for oracle development, it falls short in addressing high-value attacks on price oracle tasks. Consequently, this paper introduces a dynamically adjusted truth discovery method safeguarding the truth of high-value price oracle tasks. In the truth aggregation stage, we enhance future considerations to improve the precision of aggregated truth. During the credibility update phase, credibility is dynamically assessed based on the task's value and the Cumulative Potential Economic Contribution (CPEC) of information sources. Experimental results demonstrate a significant reduction in data deviation by 65.8\% and potential economic loss by 66.5\%, compared to the baseline scheme, in the presence of high-value attacks.