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Lido Finance to Reimburse Users After Aave CAPO Oracle Misquote

2d ago
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  • Lido Finance to reimburse users after losses caused by the Aave CAPO oracle glitch.
  • Lido says Aave CAPO oracle posted the wrong wstETHUSD price, causing liquidations.
  • Chaos Labs’ Omer Goldberg says Aave CAPO oracle misconfiguration caused 345 ETH E-Mode liquidations.

Decentralized liquid staking protocol Lido Finance has recently informed users affected by a platform glitch that it plans to reimburse the losses incurred. In their latest post on X, Lido attributed the unfavorable experience to an incorrect quote by Aave’s CAPO oracle.

No Issues for wstETH and Lido

According to Lido, the Aave CAPO oracle quoted an incorrect wstETHUSD price boundary for AAVE markets. The wrong figures led to several liquidations; the platform claimed that it did not incur bad debts. Lido assured all affected users that it would reimburse them fully for losses resulting from the…

Read The Full Article Lido Finance to Reimburse Users After Aave CAPO Oracle Misquote On Coin Edition.

2d ago
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bearish:

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