According to Odaily, Starknet's DeFi protocol Nostra Finance has identified significant issues with the price information of xSTRK and sSTRK tokens. On March 24, the value of these tokens surged approximately threefold between blocks 1256310 and 1256360, with xSTRK rising from $0.1793 to $0.5897. This unexpected price increase could lead to unnecessary liquidation of otherwise secure positions.
Due to the absence of a backup oracle to support these assets, Nostra Finance is unable to fully prevent similar incidents. To safeguard user funds, the protocol has decided to immediately reduce the collateral cap for sSTRK and xSTRK to zero, prohibiting their use for new collateral. Users holding sSTRK and xSTRK are advised to withdraw their collateral promptly.
Nostra Finance will continue to monitor the situation and update users on subsequent steps, reassessing the reliability and feasibility of the price information for xSTRK and sSTRK.