[Oracle Incident] Yesterday Aave's CAPO oracle quoted an incorrect wstETH:USD price boundary used within AAVE markets, resulting in liquidations. No bad debt was incurred, and all affected users will be fully reimbursed. These incorrect pricing boundaries have nothing to do with wstETH as an underlying asset and are not related to any issues with wstETH or the Lido protocol. Lido Earn products, including stRATEGY and GGV, are not affected by these liquidations and user funds remain safe. Find the full context from the @chaoslabs team below ↓

Omer Goldberg
@omeragoldberg
03-11
1/ stETH CAPO Misconfiguration
Today, a misconfiguration on Aave's CAPO oracle caused wstETH E-Mode liquidations, resulting in a loss of 345 ETH.
No bad debt was incurred, and all affected users will be fully reimbursed.
More below.
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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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