I have a general question about feed applications that has been spurred on by the recent MIP10c14 proposals. There have been several proposals for companies such as gitcoin, etherscan, and infura to run a light feed.
None of these companies run an exchange, so I’m curious how light feeds work for these entities. Specifically, how do these non-exchange companies determine the price of ETH, and how much should I worry about that when voting on these proposals?
Is the assumption here that these companies will pull prices from the same set of exchanges that the current omnia program does and then publish that same number to scuttlebutt for redundancy purposes, or are we leaving it up to any given light feed to determine how to price ETH at any given moment.
Should this be something that MKR voters should consider when voting on the MIP10c14 proposals?
Basically, are there questions we should be evaluating beyond just “do I trust this entity?”