Mars Finance reports that the DeFi protocol Nostra Finance on the Starknet ecosystem discovered serious issues with the price feed information for xSTRK and sSTRK, causing their value to increase approximately threefold between blocks 1256310 and 1256360 on March 24th (for example, xSTRK rose from $0.1793 to $0.5897). This price feed data surge could lead to unnecessary liquidation of previously secure positions. As no alternative oracles are available to support these assets, Nostra cannot fully prevent similar events. To protect user funds, Nostra has immediately reduced the collateral cap for sSTRK and xSTRK to zero, no longer allowing new collateralization, and recommends that sSTRK and xSTRK users withdraw their collateral as soon as possible. Nostra will continue to monitor the situation and update subsequent steps, reassessing the reliability and feasibility of xSTRK and sSTRK price feed information.
Nostra: sSTRK and xSTRK price feed information is incorrect, which may cause the originally safe positions to be liquidated
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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