Nostra price oracle error caused xSTRK and sSTRK prices to be raised three times
According to Odaily Planet Daily, Starknet ecological lending protocol #Nostra found that its price oracle had serious errors, causing the prices 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 depositors 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 protocol has a TVL of about US$55 million, and the mainstream collateral assets include $ETH , $STRK and stablecoins $USDC and USDT.