Odaily Planet Daily News Odaily Planet Daily News, Starknet Ecological Lending Protocol Nostra found that its price oracle had serious errors, causing the prices of xSTRK and sSTRK to be wrongly raised by about 3 times. To prevent user assets from being liquidated unnecessarily, Nostra has suspended the borrowing function of both and recommended that deposit users withdraw collateral as soon as possible.
Due to the lack of backup oracles, Nostra said there may still be similar risks in the future. Currently, the protocol TVL is about 55 million US dollars, and the mainstream collateral assets include ETH, STRK and stablecoins USDC and USDT. (Cointelegraph)