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On-Chain Voting on the Proposal To “Disable Chainlink Restrictions on crvUSD Price Oracles”

On August 21st, "Chainlink restriction on disabling the crvUSD price oracle" proposal, initiated by Curve founder Michael Egorov, has started on-chain voting and will end on the early morning of August 27th.

The proposal states that Chainlink currently implements a "+/- 1.5%" "security limit" for all crvUSD price oracles. Currently, if the Chainlink price deviates too much from the oracle EMA (1.5%), the Chainlink data source will be used directly. However, when the market fluctuates greatly, using this mechanism will cause unnecessary losses. Therefore, the proposal proposes to disable the Chainlink price security limit in all market price oracle contracts, except for the old frxeth market.

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