The post What Happened in the Aave Oracle Incident? $26M Liquidations Explained appeared on BitcoinEthereumNews.com. A configuration error in a price oracle usedThe post What Happened in the Aave Oracle Incident? $26M Liquidations Explained appeared on BitcoinEthereumNews.com. A configuration error in a price oracle used

What Happened in the Aave Oracle Incident? $26M Liquidations Explained

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A configuration error in a price oracle used by Aave triggered roughly $26–27 million in liquidations on Tuesday, after the system temporarily undervalued a key ethereum staking asset used as collateral. DeFi Lending Giant Aave Moves to Reimburse Users After Oracle Mispricing The issue involved Aave’s Correlated Asset Price Oracle (CAPO), which is designed to […]

Source: https://news.bitcoin.com/what-happened-in-the-aave-oracle-incident-26m-liquidations-explained/

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