The DeFi lending protocol Nostra has temporarily suspended borrowing related to xSTRK and sSTRK due to price data errors
ChainCatcher reports that Nostra, a lending protocol in the Starknet ecosystem, has discovered serious errors in its price oracle, causing the prices of xSTRK and sSTRK to be erroneously inflated by about 3 times. To prevent unnecessary liquidation of user assets, Nostra has temporarily suspended borrowing functions for both and advises depositors to withdraw their collateral as soon as possible.
Due to a lack of backup oracles, Nostra indicates that similar risks may still exist in the future.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Dow Jones Index closed down 557.24 points, with both the S&P 500 and Nasdaq also declining.
The US Dollar Index rose by 0.29% on the 17th.
All three major US stock indexes fell, with XPeng Motors plunging over 10%.
Trending news
MoreCrypto prices
More
