BTC0.020
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Nostra suspends xSTRK and sSTRK related borrowing due to price data errors
03-25 00:11

Odaily News Odaily Planet Daily reported that Starknet Ecological Lending Protocol Nostra found a serious error in its price oracle, causing the price 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 TVL of the protocol is about 55 million US dollars, and the mainstream collateral assets include ETH, STRK and stablecoins USDC and USDT. (Cointelegraph)

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