What are the differences between Timeswap, a no-clearing lending agreement based on AMM, and typical lending markets?
How do Timeswap and typical lending markets compare, given that Timeswap is a no-clearing lending agreement based on AMM?Smart contracts themselves cannot bring data onto the chain, but instead choose to bring off-chain data onto the chain through oracles. However, many DeFi attacks are actually due to the exploitation of oracles. Cryptocurrency researcher Wajahat Mughal analyzed DeFi oracle solutions in an article and outlined a lending protocol called Timeswap that does not require oracles.
Reference: https://twitter.com/0xMughal/status/1672295197299085313
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