Safeguarding the Truth of High-Value Price Oracle Task: A Dynamically Adjusted Truth Discovery Method
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arXiv
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| Autori principali: | , , , |
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| Natura: | Preprint |
| Pubblicazione: |
2024
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| _version_ | 1866914689039990784 |
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| author | Xian, Youquan Liu, Peng Li, Dongcheng Zeng, Xueying |
| author_facet | Xian, Youquan Liu, Peng Li, Dongcheng Zeng, Xueying |
| contents | 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. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2402_02543 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Safeguarding the Truth of High-Value Price Oracle Task: A Dynamically Adjusted Truth Discovery Method Xian, Youquan Liu, Peng Li, Dongcheng Zeng, Xueying Computer Science and Game Theory Computational Engineering, Finance, and Science Distributed, Parallel, and Cluster Computing 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. |
| title | Safeguarding the Truth of High-Value Price Oracle Task: A Dynamically Adjusted Truth Discovery Method |
| topic | Computer Science and Game Theory Computational Engineering, Finance, and Science Distributed, Parallel, and Cluster Computing |
| url | https://arxiv.org/abs/2402.02543 |