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Nostra Halts Borrowing for Liquid Staking Tokens Amid Price Feed Issue AI Summary According to Cointelegraph, Nostra, a lending protocol on Starknet, has temporarily suspended borrowing for two liquid staking tokens due to a critical issue with its price feeds. On March 24, Nostra identified errors in its price feed that inflated the reported prices of xSTRK and sSTRK, two liquid staking derivatives of Starknet's native STRK token, to nearly three times their actual value. This discrepancy could have led to unnecessary liquidations of otherwise secure positions, potentially affecting users with healthy positions. In response to the issue, Nostra has disabled further borrowing against xSTRK and sSTRK collateral deposits. The protocol has advised users with existing deposits of these tokens to withdraw their collateral immediately. Nostra acknowledged the absence of a secondary oracle to support these assets, which limits their ability to prevent similar incidents in the future. The protocol emphasized its commitment to safeguarding user funds, stating that without a fallback oracle, the risks outweigh the benefits. Starknet, a layer-2 scaling chain of Ethereum secured by zero-knowledge proofs, launched its mainnet in late 2021. It currently has a total value locked (TVL) of approximately $575 million, according to data from L2Beat. Nostra, one of the larger DeFi projects on Starknet, has a TVL of around $55 million. The protocol allows users to post collateral in one token to borrow another, with popular collateral options including Ether, STRK, and stablecoins like USDC and Tether. STRK is designed to be staked in exchange for a portion of the network's fee revenues. The liquid staking tokens xSTRK and sSTRK are issued by independent DeFi protocols Endur and Nimbura, respectively. Nostra's recent actions highlight the challenges faced by DeFi protocols in maintaining accurate price feeds and the importance of having robust systems in place to protect user assets. #ILOVE

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Nostra Halts Borrowing for Liquid Staking Tokens Amid Price Feed Issue AI Summary According to Cointelegraph, Nostra, a lending protocol on Starknet, has temporarily suspended borrowing for two liquid staking tokens due to a critical issue with its price feeds. On March 24, Nostra identified errors in its price feed that inflated the reported prices of xSTRK and sSTRK, two liquid staking derivatives of Starknet's native STRK token, to nearly three times their actual value. This discrepancy could have led to unnecessary liquidations of otherwise secure positions, potentially affecting users with healthy positions. In response to the issue, Nostra has disabled further borrowing against xSTRK and sSTRK collateral deposits. The protocol has advised users with existing deposits of these tokens to withdraw their collateral immediately. Nostra acknowledged the absence of a secondary oracle to support these assets, which limits their ability to prevent similar incidents in the future. The protocol emphasized its commitment to safeguarding user funds, stating that without a fallback oracle, the risks outweigh the benefits. Starknet, a layer-2 scaling chain of Ethereum secured by zero-knowledge proofs, launched its mainnet in late 2021. It currently has a total value locked (TVL) of approximately $575 million, according to data from L2Beat. Nostra, one of the larger DeFi projects on Starknet, has a TVL of around $55 million. The protocol allows users to post collateral in one token to borrow another, with popular collateral options including Ether, STRK, and stablecoins like USDC and Tether. STRK is designed to be staked in exchange for a portion of the network's fee revenues. The liquid staking tokens xSTRK and sSTRK are issued by independent DeFi protocols Endur and Nimbura, respectively. Nostra's recent actions highlight the challenges faced by DeFi protocols in maintaining accurate price feeds and the importance of having robust systems in place to protect user assets. #ILOVE $TRUMP

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Nostra Halts Borrowing for Liquid Staking Tokens Amid Price Feed Issue AI Summary According to Cointelegraph, Nostra, a lending protocol on Starknet, has temporarily suspended borrowing for two liquid staking tokens due to a critical issue with its price feeds. On March 24, Nostra identified errors in its price feed that inflated the reported prices of xSTRK and sSTRK, two liquid staking derivatives of Starknet's native STRK token, to nearly three times their actual value. This discrepancy could have led to unnecessary liquidations of otherwise secure positions, potentially affecting users with healthy positions. In response to the issue, Nostra has disabled further borrowing against xSTRK and sSTRK collateral deposits. The protocol has advised users with existing deposits of these tokens to withdraw their collateral immediately. Nostra acknowledged the absence of a secondary oracle to support these assets, which limits their ability to prevent similar incidents in the future. The protocol emphasized its commitment to safeguarding user funds, stating that without a fallback oracle, the risks outweigh the benefits. Starknet, a layer-2 scaling chain of Ethereum secured by zero-knowledge proofs, launched its mainnet in late 2021. It currently has a total value locked (TVL) of approximately $575 million, according to data from L2Beat. Nostra, one of the larger DeFi projects on Starknet, has a TVL of around $55 million. The protocol allows users to post collateral in one token to borrow another, with popular collateral options including Ether, STRK, and stablecoins like USDC and Tether. STRK is designed to be staked in exchange for a portion of the network's fee revenues. The liquid staking tokens xSTRK and sSTRK are issued by independent DeFi protocols Endur and Nimbura, respectively. Nostra's recent actions highlight the challenges faced by DeFi protocols in maintaining accurate price feeds and the importance of having robust systems in place to protect user assets. #ILOVE$TRUMP

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According to BlockBeats, Arbitrum DAO is currently evaluating a proposal to withdraw funding from the Gaming Catalyst Program (GCP) and reclaim 225 million ARB tokens previously allocated. The proposal argues that the program was approved under overly optimistic market expectations and has proven unsustainable. Key supporters, including Treasure DAO, have exited Arbitrum, and other significant contributors have either left or shown decreased enthusiasm. The GCP has faced criticism for lack of transparency in fund usage, increased team salaries, and reduced reporting obligations. The proposal claims the project has failed to establish basic operational and transparency standards. David Bolger, a member of the GCP committee, responded by highlighting Arbitrum's role as a significant hub for gaming projects, attracting over 25 game-related chains, including Ubisoft, Square Enix, and Tap Nation, to build on its technology stack. Launched in March 2024, the GCP aimed to foster the development of the Web3 gaming ecosystem on Arbitrum, with plans to allocate most of its funds to gaming projects over three years. Community governance discussions are ongoing, and no clear consensus has been reached yet. #ILOVE$TRUMP

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$BNB Binance will trial the new delisting mechanism with a community-driven approach and we now invite users to participate and vote on the first batch of Vote to Delist projects. Users can vote on projects with the Monitoring Tag that they wish to be delisted. How to Vote: - Each user can vote for up to 5 projects in the Vote to Delist pool, and each verified account can only allocate one vote per project. - Users must be logged in to their verified Binance accounts and hold a minimum of at least 0.01 BNB in their master accounts throughout the Voting Period for their votes to be eligible. Vote Period: 2025-03-21 06:30 (UTC) to 2025-03-27 23:59 (UTC) Participation is subject to eligibility based on the user's country or region of residence. More details. Disclaimer: While we value and will take into consideration the vote results, the voting result will not be the sole deciding factor to determine the final delisting decision.. Monitoring of the project is still undergoing evaluation, and the decision will be determined by Binance based on our official review processes and standards. Additionally, the delisting timeline will depend on Binance's procedures.

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