Nostra, a Starknet lending protocol, has temporarily halted borrowing for xSTRK and sSTRK after discovering a critical price feed error on March 24. The inaccurate feed inflated the reported prices of these liquid staking derivatives of STRK by nearly threefold, potentially triggering unwarranted liquidations. Nostra has advised users to immediately withdraw any xSTRK and sSTRK collateral. The protocol cited the lack of a secondary oracle for these assets as a limitation, preventing adequate risk mitigation. Nostra emphasized its commitment to user safety, prioritizing it over the benefits of offering these tokens without a fallback oracle. The incident highlights the challenges of maintaining accurate price feeds in DeFi. Starknet, an Ethereum layer-2 scaling chain with approximately $575 million TVL, hosts Nostra, a DeFi project with around $55 million TVL that allows users to borrow against collateral like ETH, STRK, and stablecoins. xSTRK and sSTRK are issued by Endur and Nimbura, respectively, representing staked STRK.

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