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Venus Protocol: Binance oracle issue has been fixed and other markets are operating normally except snBNB, agEUR and stkBNB

Venus Protocol: Binance oracle issue has been fixed and other markets are operating normally except snBNB, agEUR and stkBNB

CointimeCointime2023/12/11 00:36
By:Cointime

Venus Protocol, a lending platform based on the BNB chain, tweeted that the Binance Oracle team has discovered and fixed the oracle price feeding issue and will take preventive temporary measures.Earlier, due to the Binance Oracle price feeding issue in the isolated LST BNB fund pool, snBNB and two other isolated markets with similar Binance Oracle configurations (agEUR, stkBNB) were temporarily suspended as a precaution based on Chaos Labs' suggestion. Today, the Venus community will propose injecting a total of approximately $274,000 liquidity from the treasury into the affected fund pool and restoring the funds with the support of partners. Other markets are operating normally and are not affected.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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