DeFi lending protocol Nostra suspends xSTRK and sSTRK related loans due to price data errors

This article is machine translated
Show original

According to ChainCatcher, the Starknet ecosystem lending protocol Nostra discovered a critical error in its price oracle, which caused the xSTRK and sSTRK prices to be artificially inflated by approximately 3 times. To prevent unnecessary liquidation of user assets, Nostra has suspended borrowing functions for both tokens and advised depositors to withdraw their collateral as soon as possible.

Due to the lack of alternative oracles, Nostra stated that similar risks may persist in the future.

Sector:
Source
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.
Like
Add to Favorites
Comments
Followin logo