🟣 NEW BLOW FOR $AAVE !

The DeFi platform Aave recorded nearly 27 million dollars in liquidations in 24 hours.

The origin: a temporary malfunction in the oracle system used to value the collaterals.

The problem concerned wstETH, the token representing the ETH staked via Lido.

During the incident:

• the oracle valued wstETH around 1.19 ETH

• the market evaluated it closer to 1.23 ETH

This discrepancy was enough to trigger automatic liquidations on certain positions.

According to the analyses, the cause would come from a misconfiguration of the CAPO risk oracle, related to unsynchronized exchange rate parameters in a smart contract.