Aster reimburses users after XPL perpetual glitch sends price to $4
0
0
Aster reimbursed traders after an XPL glitch caused liquidations, as its perpetual DEX drove daily trading volumes to a record of more than $100 billion.
BNB Chain derivatives decentralized exchange (DEX) Aster completed reimbursements to traders affected by a glitch in its Plasma (XPL) perpetual market that briefly drove prices above market levels.
According to Abhishek Pawa, the CEO of Web3 agency AP Collective, the issue stemmed from a misconfigured index hard-coded at $1. With the mark price cap lifted before the fix, XPL futures on Aster spiked to nearly $4 while other venues remained $1.3.
The sudden price discrepancy triggered unexpected liquidations and abnormal fee charges, causing losses to users. However, the platform quickly moved on Friday, assuring its users that all funds were safe and promising to compensate them for any losses.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
0
0