- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Chaos Labs: The Aave approximately $27 million liquidation event was caused by a configuration issue with the CAPO risk oracle
According to an analysis report released by Chaos Labs, the recent liquidation event of approximately $27 million in Aave was caused by a configuration issue with the CAPO risk oracle.
The root cause lies in the inconsistent update constraints at the smart contract level: the snapshotRatio parameter is limited by an on-chain constraint that allows only a 3% increase every 3 days, preventing it from being updated directly from approximately 1.1572 to the target value of about 1.2282, and it can only increase to about 1.1919; meanwhile, the snapshotTimestamp was successfully updated to a timestamp from 7 days ago. This misalignment between the ratio and the timestamp led to the CAPO calculating an upper exchange rate (approximately 1.1939) that was about 2.85% lower than the actual market exchange rate, triggering the liquidation of approximately 10,938 wstETH. No bad debt was incurred by the protocol during the event.
Chaos Labs and BGD Labs have immediately reduced the wstETH borrowing limit for affected instances to 1 and manually aligned the parameters to restore the exchange rate through Risk Steward. A total of 141.5 ETH has been recovered through BuilderNet, which will be used to compensate affected users, while the remaining amount will be covered by the Aave treasury. The amount expected to be temporarily compensated by the DAO is not anticipated to exceed 345 ETH.
You may also like
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
Why is OpenAI playing catch-up to Claude Code instead?
Vitalik wrote a proposal teaching you how to secretly use AI large models
The doubling of Circle's stock price and the paradigm shift of stablecoins
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
On-Chain Options Explosion.ActionEvent
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
AI Agent needs Crypto, not Crypto needs AI
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
App