✔️ Rabi Token is a globally recognized digital asset designed to facilitate the trade of goods and services in a seamless, secure, and decentralized manner.
🛡 Key External Actors in the Rabi Protocol
The Rabi Protocol operates with the support of various external actors who ensure its smooth functionality and reliability:
- Keepers:
Automated participants who provide liquidity by leveraging arbitrage opportunities. ✅ - Oracles:
Deliver real-time market prices for collateral to enable accurate liquidations. ✅ - Emergency Oracles:
Serve as a defense mechanism by freezing compromised Oracles and activating emergency shutdowns when needed. ✅ - Community Members:
Individuals and organizations that contribute services to maintain and improve the protocol. ✅
🥇 Price Oracles: Ensuring Accurate Market Data
Oracles provide trusted price feeds selected by RABI voters, ensuring accurate collateral valuations.
- The Oracle Security Module (OSM) adds an hour-long delay to prevent manipulation and protect the system from attacks.
- RABI voters are responsible for managing the security and reliability of Oracles. ⌛
🚨 Emergency Oracles: A Critical Safety Net
Chosen by RABI voters, Emergency Oracles ensure system stability by:
- Freezing compromised Oracles to prevent cascading issues.
- Unilaterally activating emergency shutdowns to protect the protocol during critical situations.
The Rabi Protocol’s reliance on advanced systems like Oracles and Emergency Oracles, combined with the active participation of community members, ensures a secure, efficient, and resilient ecosystem for Rabi Token holders.
🌟 Explore the future of decentralized finance with Rabi. 🌟
