Quality: Check data sources (number and reliability). An oracle using multiple exchanges for price data is better. Reliability: Analyze data consistency and update frequency. A reliable one provides real - time or near - real - time data. Impact on Value: Inaccurate oracle data can cause mispricing in DeFi, leading to losses. Estimate potential financial and reputation losses for projects in case of oracle failures.

Ensuring data quality and reliability in oracles is crucial for preventing mispricing and potential losses in DeFi projects. Multiple reliable data sources and real-time updates are key factors to consider. Great insights on minimizing risks!