Episode Details
Back to EpisodesAave Liquidations Surge Due to Oracle Glitch
Published 3 weeks ago
Description
Blockchain data reveals a surge in liquidations on Aaves lending protocol due to a pricing glitch in an oracle system. The issue, tied to wstETH, a staked ether token, caused a brief mismatch in pricing, leading to liquidations and profits for traders. Chaos Labs, the oracle provider, clarified it was a setup problem, resulting in no bad debt for the protocol.
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