How Do Decentralized Oracles Play a Role in Determining the Target Price?

Decentralized oracles play a crucial role in determining the target price of a rebase token. Oracles are services that provide external data to smart contracts.

In the case of rebase tokens, oracles are used to provide the smart contract with the real-world price of the asset that the token is pegged to. This information is then used to determine whether a positive or negative rebase is needed.

The use of decentralized oracles is important to ensure that the price data is accurate and tamper-proof.